In a formal communication dated 10th April 2025, Refractory Shapes Limited, a leading certified manufacturing company, has submitted its compliance certificate regarding the Structured Digital Database (SDD) as mandated under Regulation 3(5) and 3(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations). This submission pertains to the quarter ending March 31, 2025, and assures stakeholders and regulatory bodies that the company is strictly adhering to the insider trading prevention norms prescribed by SEBI.

The letter was addressed to the National Stock Exchange of India Limited (NSE) and officially signed by Mrs. EI Prajna Shravan Shetty, the Managing Director of the company, confirming that the compliance certificate is attached as per legal requirements. The official certificate was signed by Ms. Neelam Mandawat, the Company Secretary and Compliance Officer of Refractory Shapes Limited.

As per the Regulation 3(5), every listed company is required to maintain a Structured Digital Database (SDD) containing details of Unpublished Price Sensitive Information (UPSI), ensuring that only authorized personnel can access this data. Furthermore, Regulation 3(6) mandates that such a database should be non-tamperable and capable of maintaining an audit trail for a minimum period of eight years.

Refractory Shapes Limited has certified that:

• A Structured Digital Database (SDD) is maintained internally by the company.

• Access control mechanisms are in place, ensuring only designated individuals have entry to the system.

• The system records the nature of UPSI along with date and time, establishing transparency and traceability.

• The audit trail is consistently maintained, and the system has not been tampered with.

• The SDD is capable of retaining records for eight years, as mandated by law.

The compliance certificate also states that 1 (One) UPSI event was captured in the SDD during the quarter ending March 31, 2025, and this event was duly logged and maintained in accordance with SEBI's prescribed format and timeline. This confirms that the organization is proactive in ensuring compliance, transparency, and data integrity when handling sensitive financial or strategic information.

Additionally, the certificate emphasizes that there were no incidents of non-compliance reported during the preceding quarter. Thus, the company did not face any regulatory setbacks or violations concerning its insider trading compliance responsibilities.

This structured disclosure comes as part of Refractory Shapes Limited’s continuous efforts to build trust among investors, stakeholders, and regulators. By ensuring adherence to the SEBI PIT Regulations, the company not only demonstrates its commitment to ethical corporate governance but also showcases the robustness of its internal systems and digital infrastructure.

The importance of such regulatory filings cannot be understated, especially in an era where information security, data confidentiality, and corporate ethics are pivotal to business reputation and long-term stakeholder engagement. The SEBI PIT Regulation 3(5) and 3(6) is specifically designed to prevent misuse of unpublished sensitive information and mandates every listed company to create a non-tamperable, access-controlled database that tracks every UPSI shared internally.

Refractory Shapes Limited, by fulfilling these compliance norms, aligns itself with the best practices in corporate governance and reinforces the transparency of its internal data handling mechanisms. Such proactive disclosures also instill confidence in the market, especially in an environment where investor trust and regulatory compliance go hand in hand.

Moreover, this update will also be viewed positively by analysts, institutional investors, and governance watchdogs who closely track the adherence of companies to SEBI mandates and quarterly filings. The clean record of zero non-compliance and the diligent tracking of UPSI events further illustrate the company’s sound corporate policies and the effectiveness of its compliance frameworks.

In conclusion, Refractory Shapes Limited’s confirmation of SDD compliance under SEBI's PIT Regulations for the March 2025 quarter demonstrates the company's strong focus on ethical conduct, accountability, and transparency in managing insider trading-related responsibilities. It sets a positive precedent for peer companies in the sector and solidifies Refractory Shapes’ reputation as a responsible and compliant entity in the Indian corporate landscape.

The company continues to maintain its Structured Digital Database (SDD) in alignment with all regulatory expectations, and this disclosure is yet another testament to their proactive governance approach, setting benchmarks in industry compliance.

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