Pursuant to Reg 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, please find enclosed ....
AARNAV · price
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Aarnav Fashions Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25, audited by Practicing Company Secretary Ravi Kapoor. The report confirms the company complied with most SEBI regulations including Secretarial Standards, website disclosures, insider trading rules, and board evaluations. One non-compliance was flagged: a delay in submitting related party transaction disclosures on a consolidated basis for FY ending March 2024 under Regulation 23(9) of SEBI LODR Regulations, leading to a fine of Rs 41,300 by BSE. The company has paid the fine and committed to timely consolidated disclosures going forward. A similar 1-day delay from the prior year (related party disclosure for half-year ended September 2023) had also attracted a fine, which was paid.
Minor administrative compliance lapse with a small fine, unlikely to materially affect shareholders. However, repeat delays in related party transaction disclosures may warrant investor attention to governance discipline at this small-cap textile company.