Annual Secretarial Compliance Certificate for the Year ended March 31, 2026
ADANIENSOL · price
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Adani Energy Solutions received its Annual Secretarial Compliance Report for FY 2026 from Practising Company Secretaries Chirag Shah & Associates. The report identified two deviations under SEBI Listing Regulations. First, a special resolution for director Mr. Hemant Nerurkar (who had already crossed 75 years of age) was passed after his appointment rather than beforehand, resulting in fines of Rs. 50,000 each from BSE and NSE. Second, from July to November 2025, the company's Board had fewer than half independent directors, which was rectified by appointing Mr. Anil Ahuja as Independent Director from November 29, 2025. All other statutory compliance requirements were met, including secretarial standards, board processes, and disclosures.
The filing reveals minor regulatory non-compliances that have been addressed. While the fine is immaterial for a company of this size, the independent director composition issue suggests temporary governance gaps during the five-month period. However, no further actions were taken by regulators beyond the initial fine.