Clarification with regard to SDD Compliance Status by Management.
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Garnet International has clarified to BSE that it is compliant with SEBI's Structured Digital Database (SDD) requirement under the Prohibition of Insider Trading Regulations. The company says it procured the SDD software in December 2022, but a server corruption led to data loss, after which the software was re-installed in 2024. A Practicing Company Secretary (PCS) certificate for Q1 FY26 (quarter ended June 2025) confirms that the SDD is in place, access-controlled, non-tamperable, has audit trails, and can retain records for 8 years. The PCS confirms 1 required event was captured during the quarter and reports no non-compliances observed in the previous quarter.
This is a routine compliance clarification, not a penalty or adverse action. Shareholders should note the past technical glitch in the SDD system, though the company and its PCS certify current compliance with insider trading record-keeping norms.