Please find enclosed herewith Secretarial Compliance Report for the financial year ended March 31, 2025.
360ONE · price
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360 ONE WAM has submitted its annual Secretarial Compliance Report for FY25, certified by Mehta & Mehta, Practicing Company Secretaries. The report flags two minor compliance lapses during the year. First, under Regulation 31A(8)(c), the company delayed by 7 days (instead of the required 24 hours) the filing of a disclosure seeking reclassification of certain promoters as public shareholders, which drew a warning letter from BSE and NSE. Second, under Regulation 54(2), the company missed attaching an annexure to the security cover for its listed non-convertible debentures for the quarter ended December 31, 2024, leading to a fine of Rs. 44,840 levied by BSE. The company has applied to BSE for waiver of the fine, citing a technical glitch. All other key compliance areas — secretarial standards, insider trading, related-party transactions, board evaluations, and website disclosures — were found to be in order.
These are routine regulatory compliance observations rather than serious governance failures. The Rs. 44,840 fine is negligible relative to the company's size, and the waiver request is pending. No SEBI action has been initiated, and the stock is unlikely to see any meaningful reaction from this filing.