Please find the attached Annual Secretarial Compliance Report
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Adcon Capital Services Ltd filed its annual secretarial compliance report for FY ended March 2026, examined by Practicing CS Nishant Bajaj & Associates. The report reveals two key compliance failures: (1) Non-compliance with Board composition requirements under Regulation 17(1) of SEBI LODR for two quarters (March 2025 and September 2025) due to failure to appoint a woman director, with unpaid fines of Rs. 5,31,000 and Rs. 5,42,800 respectively; (2) Failure to appoint a Company Secretary & Compliance Officer within the mandated 3-month timeline under Regulation 6(1) of SEBI LODR. Additionally, the company had a 15-day delay in filing Integrated Filing (Finance) for Q4 March 2025. Most other compliance areas including Secretarial Standards, website disclosures, related party transactions, and insider trading norms were found satisfactory.
The company faces regulatory penalties totaling over Rs. 10 lakh that remain unpaid, indicating potential escalation risk. The ongoing non-compliance with board composition and compliance officer requirements could attract further action from stock exchanges and may negatively impact investor confidence.