Garware Hi-Tech Films Receives SEBI Advisory on Insider Trading Controls

Garware Hi-Tech Films discloses receipt of a SEBI letter via NSE regarding maintenance of Structured Digital Database (SDD) for insider trading compliance.
SEBI advised the company to implement proper checks, balances, and internal controls for SDD maintenance as per PIT Regulations.
The communication cites non-compliances including time gaps in sharing entries, lack of timestamp capture, and non-chronological entry recording during specific periods.
The company states no financial impact from this advisory and commits to strengthening its SDD internal control systems.