Remedial Action taken and Revised SDD Certificate duly Certified by PCS has been filed by the Company for the Quarter ended 31st March 2025, 30th June 2025 and 30th September 2025 respectively.
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The company failed to get its Structured Digital Database (SDD) certificate certified by a Practicing Company Secretary before submitting it to the exchange for three quarters ending March 2025, June 2025, and September 2025. This was a procedural lapse under SEBI's Prohibition of Insider Trading Regulations (Reg. 3(5) and 3(6)), not a case of actual insider trading. The board acknowledged this as an inadvertent oversight and formally apologized. The company has already self-remediated by re-submitting properly PCS-certified certificates on December 1, 2025 and January 3, 2026. The board assured the exchange that such lapses will not recur and committed to maintaining high compliance standards going forward.
This is a minor procedural compliance gap, not a substantive penalty, investigation, or insider trading charge. Since the company has already corrected it on its own, the direct impact on shareholders is limited. However, it signals weak internal compliance controls, which investors should monitor to ensure no escalation from the exchange or SEBI in the future.