Annual Secretarial Compliance Report for the financial year ended 31st March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Advance Lifestyles Limited has submitted its Annual Secretarial Compliance Report for FY 2024-25, certified by Practicing Company Secretary Pooja Gala & Associates. The report flags two key non-compliances: (1) Delayed submission of December 2024 quarter financial results under Regulation 33, which led to a Rs. 5,000/day penalty that was paid to BSE on 13 March 2025, and (2) The Company Secretary and Compliance Officer resigned on 9 October 2024, and no replacement was appointed even after the 3-month deadline mandated under SEBI LODR Regulation 6. Additionally, some entries in the SDD software (insider trading compliance) were missed during the period. Most other compliance parameters—including secretarial standards, board policies, website disclosures, director disqualification, related party transactions, and event disclosures—were found satisfactory.
Routine regulatory filing, but it reveals persistent governance weaknesses, especially the prolonged vacancy of the Company Secretary/Compliance Officer beyond SEBI's 3-month deadline, which is a continuing non-compliance. Shareholders should view this as a moderate negative governance signal, though the previously imposed financial penalties have been settled.