Meridian Alpha

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Regulations that apply to Meridian Alpha and the controls that meet them
As of 9 Oct 2026

All areas Banking & Financial Payments Corporate & Finance Cyber & Technology Privacy Tax

India · Central · Corporate & Finance

SEBI · CEO / CFO certification of internal controls

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 · Regulation 17(8) and Schedule II Part B

Open in Studio

Legal entity

Meridian Alpha Pvt. Ltd.

Applicability

Not applicable to Meridian Alpha · scoped for Listed entity

Locations

Mumbai Head Office (Bandra Kurla Complex)

Reporting cycle

Annual · with financial results

Requirement coverage · compliance position: gaps to close

requirements

Covered 00%
Partially covered 3100%
Evidence unavailable 00%

Controls

2 failed testing

Evidence approved

7/7

current cycle

Open findings (gaps)

3 high

Open actions

0 overdue

Requirements and the controls that meet them

Ref	Requirement	Applicability	Control objective	Controls	Coverage
Sch. II-B(C)	Internal controls for financial reporting established and effective	Not applicable	Ledger posting and payment release are controlled	SOD-01 PAY-02	Partially covered
Sch. II-B(C)	Deficiencies in design or operation disclosed to auditors	Not applicable	Purchases are approved within delegated thresholds	P2P-01 P2P-02	Partially covered
Sch. II-B(D)	Changes in internal control indicated to the audit committee	Not applicable	Conflicting duties are segregated in SAP	SOD-01 PAY-02	Partially covered

Controls and current position

Control	What it checks	Systems	Test	Evidence	Open findings
SOD-01	Segregation of incompatible duties in SAP	SAP S/4HANA	Fail	2 / 2	2
PAY-02	Payment release requires maker-checker	SAP S/4HANA	Pass	2 / 2	0
P2P-01	Purchase orders follow approval thresholds; no self-approval	SAP S/4HANA	Fail	2 / 2	1
P2P-02	Vendor master changes require dual control	SAP S/4HANA	Pass	1 / 1	0

Open actions

Action	Issue	Owner	Due	Status
REM-F-ITGC-01	Unmitigated SoD conflict: payments approval and GL posting held by transferred employee	Priya Sharma	10 Oct 2026	In Progress
REM-F-RBI-01	Access of transferred staff not revoked — SoD breach in payment approval (MD-ITGRCA §7.1)	Priya Sharma	5 Nov 2026	In Progress
REM-F-ITGC-03	Purchase order released by requester above delegation threshold	Priya Sharma	20 Oct 2026	In Progress

Regulatory reporting for management, audit and compliance review. Applicability is as assessed in Prismet. Statutory returns and regulator filings are not prepared or submitted from Prismet.