In compliance with Regulation 24A of the SEBI (LODR) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD1/27/2079 dated February 8, 2019 please find enclosed the Annual Secretarial Compliance ....
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Aanchal Ispat Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report reveals that the company was admitted into Corporate Insolvency Resolution Process (CIRP) by NCLT Kolkata on September 12, 2023. The resolution plan submitted by Mr. Mukesh Goyal was approved on March 27, 2025, and a new Board of Directors was constituted on April 10, 2025. Several compliance issues were flagged during the review period, including failure to appoint a qualified Company Secretary (fine of Rs. 4,55,480 imposed by BSE), delayed intimation of Board meetings and voting results, and non-submission of disclosures relating to Large Corporate and promoter shareholding. Multiple legacy non-compliances from prior years remain unresolved, with pending fines exceeding Rs. 25 lakhs still unpaid.
For shareholders, this filing signals a major turnaround milestone with the exit from CIRP and reconstitution of the Board under the new resolution applicant, but it also highlights ongoing governance lapses and unpaid BSE penalties that may continue to weigh on sentiment until settled.