Annual Secretarial Compliance Report for the period ended on 31.03.2025
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Adarsh Plant Protect Limited filed its Annual Secretarial Compliance Report for the year ended 31 March 2025, signed by the Company Secretary and certified by M/s D.G. Bhimani & Associates. The Practicing Company Secretary confirmed compliance with most SEBI regulations, including secretarial standards, board policies, website disclosures, related-party transactions, and insider trading norms. However, BSE levied two fines during the year — Rs. 73,160 for non-compliance with Regulation 17(1A) regarding the continuation of a non-executive director aged over 75, and Rs. 1,07,380 for not having a qualified Company Secretary as Compliance Officer under Regulation 6(1). The company has provided clarifications on both matters and filed a Waiver Application with the Stock Exchange, which is currently pending.
Total fines of around Rs. 1.8 lakh are minor but the governance lapses — around an over-age director and absence of a qualified Compliance Officer — are red flags. Shareholders should watch for the outcome of the pending waiver application, as continued non-compliance could attract further penalties or regulatory action.