Pursuant to Regulation 24A (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 8, 2019, please ....
3IINFOLTD · price
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3i Infotech has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, issued by SAP & Associates, Practicing Company Secretaries. The company is broadly compliant with SEBI LODR regulations, insider trading norms, and secretarial standards. However, Annexure A flags two non-compliances: a delay in submitting the Statement on Impact of Audit Qualification for FY 2023-24 (fines of Rs. 1,25,000 by NSE and Rs. 1,45,000 by BSE imposed, with a waiver application pending), and a CEO/CFO compliance certificate under Regulation 17(8) that was not formally placed before the Board for approval (later approved in August 2024). Annexure B shows previously flagged issues from FY 2023-24 — including a Rs. 49 lakh payment to the MD & Global CEO without NRC approval, an unapproved amendment to the Car Lease Policy, and a third-term re-appointment of an Independent Director in violation of tenure rules — have all been noted and remediated.
No major red flags for shareholders. The listed lapses are procedural and have either been rectified or are under remediation. The modest stock exchange fines (totalling Rs. 2.70 lakh) for a delayed submission are unlikely to materially affect the stock. Investors may note the pattern of governance oversights around NRC approvals, though the company has since addressed them.