Chetana Education updates SDD after missing UPSI timing detail
NOOR MOHMMED
23/May/2025
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Chetana Education had missed logging the time UPSI became public in its SDD database but corrected it on 19 May 2025
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While not mandatory under SEBI regulations, recording UPSI public time is a recommended good governance practice
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Singh Soni and Associates confirmed full compliance under SEBI Regulation 3 5 and 3 6 with no further lapses found
Chetana Education Limited has successfully resolved a minor lapse in its Structured Digital Database or SDD, bringing its compliance back in line with the SEBI Prohibition of Insider Trading Regulations 2015. A formal compliance certificate was issued on 19 May 2025 by CS Arjun Soni, Partner at Singh Soni and Associates LLP, a peer-reviewed firm of Practicing Company Secretaries.
The compliance certificate covers the half year ended 31 March 2025 and confirms that Chetana Education:
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Has a Structured Digital Database in place
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Has controlled access to the database
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Has captured all Unpublished Price Sensitive Information or UPSI
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Logs the nature, date, and time of UPSI entries
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Maintains a secure internal audit trail
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Uses a non-tamperable system that retains data for eight years
The review found that while all three required UPSI events were logged, the company initially failed to capture the date and time when UPSI became publicly available. Though this detail is not explicitly required under SEBI Regulation 3 5, it is considered best practice based on SEBI’s FAQs and compliance expectations.
Remedial Action Taken
Chetana Education updated the SDD software on 19 May 2025 to include the missing date and time entries. This step aligns the company with stronger corporate governance standards and addresses the identified gap proactively.
The certificate confirms that the company was required to log three UPSI events during the reporting period and all three are now fully captured with accurate and complete details.
Issued By
CS Arjun Soni
Designated Partner
Singh Soni and Associates LLP
Mem No F10721
CP No 15446
Peer Review No 3520 2023
UDIN F010721G000381564
Date 19 May 2025
Place Thane
Firm Contact Details
Office No 154
Ostwal Ornate Building No 1
Jesal Park
Bhayander East
Thane 401105
Phone 91 7058777796
Email office at singhsoni dot com
Website www dot singhsoni dot com
This update reinforces Chetana Education’s commitment to compliance and transparency. By voluntarily improving its SDD practices beyond what is strictly required by SEBI, the company strengthens its reputation and investor confidence in its governance structure.
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