ACSR for the year ended as on 31st march, 2025.
Awaiting price reaction for this filing.
Sharanam Infraproject and Trading Ltd (BSE Code: 539584) submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary flagged several non-compliances including non-constitution of the Audit Committee, non-constitution of the Nomination & Remuneration Committee, failure to appoint a woman director on the Board, and delayed submission of quarterly financial results. BSE imposed fines totalling roughly Rs 2.99 lakh across multiple quarters (Rs 79,320 + Rs 40,230 + Rs 79,320 + Rs 1,00,920) for these lapses. The management has applied for a waiver of some penalties and stated it will comply with the regulations in a timely manner going forward. Separately, a previous-year observation about a delayed annual report upload on the BSE portal was noted.
Multiple governance lapses and stock exchange fines may concern investors about the company's compliance culture, though the waiver application and stated commitment to future compliance offer some reassurance. Persistent non-compliance could weigh on the stock's credibility with retail and institutional investors.