Finbud Financial Services rectifies SDD recording delays for FY26
Finbud Financial Services Limited submitted its SDD compliance certificate for FY26, confirming all five UPSI events were captured despite initial recording delays. The delays were remedied on May 30, 2026, with auditors confirming full compliance and the implementation of stronger internal controls.

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Finbud Financial Services Limited has addressed recording delays in its Structured Digital Database (SDD) for the financial year ended March 31, 2026, confirming the capture of all five required Unpublished Price Sensitive Information (UPSI) events. The company submitted the compliance certificate to the National Stock Exchange of India Limited on May 30, 2026, following a review by M/s Anubhuti Akshay & Associates, Practising Company Secretaries. The certification confirms that the internal database is non-temperable, maintains an audit trail, and is capable of preserving records for eight years.
The compliance certificate, filed under Regulation 3(5) and 3(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, validated the existence of access controls and the comprehensive capture of UPSI nature, date, and time. However, the auditors reported that certain entries were not recorded within the mandated timelines during the period under review. This resulted in a temporary non-compliance with regulatory requirements regarding the immediate recording of sensitive information.
| Compliance Parameter | Status |
|---|---|
| SDD Implementation | In place |
| Access Controls | Established |
| UPSI Events Captured | 5 out of 5 |
| Audit Trail | Maintained |
| Record Retention Capability | 8 years |
| Recording Timelines | Initially delayed, later remedied |
The company remedied the non-compliance by recording all pending entries in the SDD on May 30, 2026. M/s Anubhuti Akshay & Associates certified that, based on verification of records and information provided, all pending entries were duly recorded as of the certificate date. The firm further confirmed that the specific non-compliance regarding timelines had been fully rectified.
To prevent recurrence, Finbud Financial Services has undertaken corrective measures focused on strengthening internal controls and compliance monitoring processes. These steps are designed to ensure the timely recording of future SDD entries. The submission was signed by Vivekananda Bhandarkar, Company Secretary & Compliance Officer, and addressed to the Listing Compliance Department of the exchange.
Historical Stock Returns for Finbud Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.83% | -10.53% | -7.72% | -17.14% | -29.63% | -29.63% |
What specific operational changes has Finbud Financial Services implemented to ensure immediate recording of UPSI events going forward?
Will the temporary non-compliance with recording timelines trigger any regulatory penalties or scrutiny from SEBI?
How might this disclosure regarding internal control lapses impact investor confidence in Finbud's governance standards?



























