RMC Switchgears: SDD Compliance Certificate for FY26 Issued, Notes Non-Compliance
RMC Switchgears Limited submitted its SDD Compliance Certificate for FY26. While the SDD is functional, the company noted non-compliance in recording UPSI for financial results and key managerial personnel changes during the year. Remedial actions have been assured.
The announcement pertains to a compliance certificate related to insider trading regulations and notes past non-compliance with assurances of future improvement. This is a routine regulatory filing and does not have a significant immediate impact on the company's operations or financials.
The announcement is neutral as it reports on a compliance certificate but also highlights instances of non-compliance, which are then addressed with assurances of future corrective actions.
RMC Switchgears Limited has submitted the Structured Digital Database (SDD) Compliance Certificate for the financial year ended March 31, 2026, as per SEBI (Prohibition of Insider Trading) Regulations, 2015. The certificate, issued by practicing company secretaries V.M. & Associates, confirms that the company has an SDD in place with appropriate access controls, captures all disseminated UPSI with timestamps, maintains an audit trail, and is non-tamperable for eight years.
However, the report highlights non-compliance in the previous financial year. Specifically, entries were not made in the SDD for UPSI shared concerning financial results for the half-years ended March 31, 2025, and September 30, 2025. Additionally, UPSI related to changes in Key Managerial Personnel (appointment of Company Secretary and appointment/resignation of CFO) and further investment in a subsidiary company was not recorded.
The company attributes these delays to inadvertence and has assured that measures are in place to ensure timely recording of entries in the SDD moving forward. The certificate was issued on May 27, 2026, and submitted to the stock exchanges on May 28, 2026.
What to do with a filing like this
RMC Switchgears Limited filed this with the NSE as a statutory disclosure, categorised under insider trading. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by RMC Switchgears Limited. Read the original for the full detail.