Annual Secretarial Compliance Report for the financial year ended March 31, 2026
AGARIND · price
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The secretarial compliance audit for FY 2025-26 was conducted by P. M. Vala & Associates. The Company largely complied with SEBI regulations but had one deviation: it failed to have a qualified Company Secretary & Compliance Officer for 27 days during Q1 (quarter ended June 2025) due to a vacancy. BSE and NSE imposed a fine of Rs. 27,000 plus applicable GST for this non-compliance. The Company subsequently appointed Yashee Agrawal as Company Secretary & Compliance Officer from June 16, 2025, and is now compliant. All other areas including related party transactions, insider trading regulations, document preservation, and website disclosures were found satisfactory. The Company has one material subsidiary: AICL Overseas FZ-LLC. No actions were taken against the Company, promoters, or directors by SEBI or stock exchanges during the review period.
The non-compliance was a one-time administrative issue that has been rectified. The Rs. 27,000 fine is a minor financial impact. Shareholders can view this as a routine compliance matter since the Company has since fulfilled the regulatory requirement and the auditor found no material concerns about the Company's governance or operations.