SDD CERTIFICATE FOR THE YEAR ENDED ON 31.03.2026
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RMC Switchgears Limited has filed its annual Structured Digital Database (SDD) compliance certificate under SEBI Insider Trading Regulations. The certificate from statutory auditors V.M. & Associates confirms the company maintains an SDD system with access controls and audit trails. However, the auditors identified significant gaps: the company was required to record 10 UPSI (Unpublished Price Sensitive Information) events during FY2026 but only captured 5 events. Specific non-compliance includes missing entries for financial results for both half-years, KMP changes (Company Secretary appointment, CFO appointment and resignation), and subsidiary investment decisions. The company attributed the lapses to inadvertent errors and pledged corrective measures for timely recording going forward.
This disclosure reveals compliance control weaknesses in the company's insider trading framework. While self-reported and accompanied by remedial assurances, the incomplete documentation of material events raises concerns about internal compliance discipline. Investors should monitor whether the company implements effective corrective actions, as repeated lapses could invite regulatory scrutiny or penalties.