Niraj Ispat Industries Submits SDD Compliance Certificate for FY Ended March 31, 2026

2 min read     Updated on 19 May 2026, 12:47 PM
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AI Summary

Niraj Ispat Industries Limited submitted its SDD Compliance Certificate to the NSE on May 15, 2026, for the financial year ended March 31, 2026, as required under SEBI (Prohibition of Insider Trading) Regulations, 2015. The certificate, issued by Practising Company Secretary Vivek Kumar of V Kumar and Associates, confirmed that the company's Structured Digital Database was compliant, non-tamperable, and capable of retaining records for 8 years. The company successfully captured two required events during the year, and no non-compliances were reported for the period.

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Niraj Ispat Industries Limited has filed its annual Structured Digital Database (SDD) Compliance Certificate with the National Stock Exchange of India, covering the financial year ended March 31, 2026. The submission was made on May 15, 2026, pursuant to Regulation 3(5) and 3(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations). The filing was signed by Chaitanya Chaudhry, Director cum CEO of the company, on behalf of Niraj Ispat Industries Limited.

Compliance Certificate Details

The compliance certificate was issued by Vivek Kumar, Practising Company Secretary at V Kumar and Associates, New Delhi, and is dated May 14, 2026. The certificate confirms that the company has fulfilled all prescribed requirements related to the maintenance of its Structured Digital Database for the year ended March 31, 2026.

The following key compliance points were certified:

  • The company has a Structured Digital Database in place.
  • Access controls exist to regulate who can access the SDD.
  • All Unpublished Price Sensitive Information (UPSI) disseminated during the previous quarter or year has been captured in the database.
  • The system has captured the nature of UPSI along with the date and time of each entry.
  • The database has been maintained internally with an audit trail.
  • The database is non-tamperable and has the capability to maintain records for 8 years.

Event Capture and Non-Compliance Status

The certifying company secretary confirmed that Niraj Ispat Industries was required to capture two events during the year ended March 31, 2026, and has successfully captured both required events. No non-compliances were observed during the previous quarter or financial year.

Parameter: Details
Certificate Date: May 14, 2026
Filing Date: May 15, 2026
Financial Year: Ended March 31, 2026
Certifying Authority: Vivek Kumar, Practising Company Secretary
Firm: V Kumar and Associates, New Delhi
Membership No.: F8976
COP No.: 10438
UDIN: F008976H000363473
Required Events Captured: Two
Non-Compliances Reported: None

Regulatory Framework

The submission is in accordance with the annual compliance requirement under the SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates listed companies to maintain a Structured Digital Database for recording details of persons with whom UPSI is shared. The filing was directed to the Manager at the NSE Corporate Office, Exchange Plaza, Bandra Kurla Complex, Mumbai.

Historical Stock Returns for Niraj Ispat Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.24%-8.53%+2.74%-4.97%-22.65%+19.03%

How might Niraj Ispat Industries' consistent SDD compliance record influence investor confidence and institutional interest in the company's stock going forward?

With only two UPSI events captured during FY2026, what potential corporate actions or material developments could increase the frequency of such events in the coming financial year?

As SEBI continues to tighten insider trading regulations, how might future amendments to the PIT Regulations 2015 impact the compliance burden for mid-sized steel companies like Niraj Ispat Industries?

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Niraj Chaudhry Confirms Nil Share Encumbrance in Niraj Ispat Industries for FY26

1 min read     Updated on 06 May 2026, 06:59 AM
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AI Summary

Niraj Chaudhry, promoter of Niraj Ispat Industries Limited, has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming nil encumbrance or pledge over the company's shares for the financial year ended March 31, 2026. The filing, dated April 03, 2026, was submitted to the NSE and marked to the Audit Committee of Niraj Ispat Industries Limited.

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Niraj Ispat Industries Limited's promoter, Niraj Chaudhry, has submitted a formal disclosure to the National Stock Exchange of India, confirming zero encumbrance over the shares of Niraj Ispat Industries Limited for the financial year ended March 31, 2026. The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is dated April 03, 2026.

Disclosure Under SEBI Takeover Regulations

The disclosure confirms that Niraj Chaudhry, along with persons acting in concert, has not created any encumbrance — directly or indirectly — over the shares of Niraj Ispat Industries Limited, beyond what has already been disclosed to the stock exchanges during the financial year ended March 31, 2026. This declaration is in compliance with the mandatory reporting requirements under the SEBI Takeover Regulations framework.

The key details of the disclosure are summarised below:

Parameter: Details
Disclosing Entity: Niraj Chaudhry (Promoter)
Regulation: Regulation 31(4), SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Target Company: Niraj Ispat Industries Limited
Financial Year: Ended March 31, 2026
Encumbered / Pledged Shares: Nil
Disclosure Date: April 03, 2026

Nil Encumbrance Confirmed as of March 31, 2026

As of March 31, 2026, the number of encumbered or pledged shares held by the promoter of Niraj Ispat Industries Limited stands at nil. This confirms that the promoter has maintained a clean, unencumbered shareholding position throughout the reported financial year. The disclosure was addressed to the Manager at the NSE Corporate Office, Mumbai, and was simultaneously marked to the Audit Committee of Niraj Ispat Industries Limited.

The filing underscores the promoter's adherence to SEBI's disclosure and transparency norms governing substantial shareholders and promoters of listed companies.

Historical Stock Returns for Niraj Ispat Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-1.24%-8.53%+2.74%-4.97%-22.65%+19.03%

How might Niraj Chaudhry's clean, unencumbered shareholding position influence investor confidence and potential institutional interest in Niraj Ispat Industries Limited going forward?

Could the nil encumbrance status signal the promoter's intent to increase their stake or pursue strategic acquisitions in the steel sector in the near future?

How does Niraj Ispat Industries' promoter shareholding pattern compare to industry peers in the steel sector, and what implications does this have for corporate governance ratings?

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1 Year Returns:-22.65%