Annual Secretarial Compliance Report for March 2025
ADVAIT · price
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Advait Energy Transitions Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by RPSS & Co., Practicing Company Secretaries, as required under SEBI's listing rules. For the current review period, the company reported no new deviations or non-compliances across areas like insider trading, related party transactions, website disclosures, and event reporting. The report also addressed two prior-year observations: a Rs 4.60 lakh fine from BSE for board composition issues (not having half independent directors and no regular chairperson under Regulation 17(1)(b)), which has now been rectified by appointing a regular non-executive chairperson. A delayed Compliance Certificate filing under Regulation 40(10) from FY24 was also corrected with no further penalty. No action has been taken by SEBI or stock exchanges against the company during the review period, and none of the directors are disqualified.
This is a routine annual compliance filing with no new red flags for shareholders. The company has cleaned up past governance lapses, including a notable board composition penalty, signalling improved adherence to listing regulations. Investors can take comfort that there are no active regulatory actions against the company or its promoters.