Annual Secretarial Compliance report for the year ended March 31, 2025
ABANSENT · price
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Abans Enterprises has filed its Annual Secretarial Compliance Report for FY2024-25, confirming it has generally complied with SEBI's Listing Regulations and applicable circulars during the year. The report flags one prior observation about the company's failure to inform BSE and MSEI when NSE returned its equity listing application because the company could not meet NSE's listing criteria, and management did not view this as a material event. Material related party transactions were approved by shareholders at the 38th AGM and through postal ballots on August 16, 2024 and February 14, 2025. The report also references an older SEBI show cause notice dated August 29, 2023 issued to the company and its promoter Mr. Abhishek Bansal regarding trading activity in the AEL scrip, with proceedings pending as of September 18, 2024 (Appeal no. 606 of 2024). All other items including insider trading, policies, website disclosures, director eligibility, and performance evaluation were reported as compliant.
This is a routine annual compliance filing with no major new business or financial impact. Investors should note the pending SEBI show cause matter involving the promoter and the governance lapse around not informing exchanges about the NSE listing application return, but overall the report signals broadly compliant governance with minor items under improvement.