Submission of Annual Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015 for the Year ended March 31, 2025
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Advik Capital Ltd has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, audited by Shubhangi Agarwal & Associates, Company Secretaries. The report covers compliance with key SEBI regulations including LODR, Insider Trading, and SAST Regulations. The company is largely compliant across most areas, including secretarial standards, director qualifications, related party transactions, and insider trading norms. However, there was a 107-day delay in filing disclosure under Regulation 29 of SEBI (SAST) Regulations, 2011 related to an open offer by promoters Mr. Vikas Garg, Ms. Seema Garg, and PAC Ms. Sukriti Garg, leading to a SEBI penalty of Rs. 13 lakh. The company has filed an appeal with the appellate tribunal. Website maintenance also had some delays, which were flagged for correction. No auditor resignations occurred during the year under review.
The Rs. 13 lakh SEBI penalty and ongoing appeal are minor concerns, but the company shows broadly satisfactory compliance with SEBI regulations. No material impact on shareholders is expected from this routine filing.