Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Add-Shop E-Retail Limited submitted its revised Annual Secretarial Compliance Report for the year ended March 31, 2025 under SEBI LODR Regulation 24A, prepared by Jay Pandya & Associates. The report flagged two non-compliances: an SDD status showing 'non-compliant' on the BSE portal despite the company claiming full compliance (a technical issue being resolved with the exchange), and non-constitution of the Nomination and Remuneration Committee under Regulation 19(1)/19(2), for which BSE levied a fine of Rs 80,240 that the company has applied to have waived. A SEBI Interim Order cum Show Cause Notice dated May 6, 2024 was issued against the company, its directors, and promoters under Sections 11(1), 11(4), 11(4A), 11B(1) and 11B(2) of the SEBI Act, 1992; management says no material financial or operational impact is expected as the notice will be contested on grounds of misinterpreted facts. The company is compliant across other areas including secretarial standards, board policies, website disclosures, related-party transactions, and insider-trading regulations.
Investors should note the outstanding BSE fine of Rs 80,240 (waiver applied for) and the ongoing SEBI show-cause matter against the company and its promoters. These are governance flags worth monitoring, though management does not foresee any material impact on financials or operations.