Reg.24(A)-Annual Secreterial Compliance Report
AKI · price
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AKI India Limited has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026. The report reveals a compliance issue where the company failed to make timely disclosures regarding its subsidiary AKI Castil Shoes LLP to the stock exchanges as required under SEBI LODR Regulation 30. Additionally, SEBI passed an Adjudication Order against the company during the review period, imposing a monetary penalty for alleged non-compliances in FY 2022-23 and FY 2023-24. The company has two subsidiaries: AKI UK Limited and AKI Castil Shoes LLP. Management has stated that corrective measures and compliance strengthening steps are being undertaken. Prior year issues including non-filing of Large Corporate disclosures and statutory auditor appointment have been resolved.
The filing highlights ongoing compliance challenges for the company, with SEBI penalties for past violations. While management is taking corrective actions, this could create some negative sentiment among investors concerned about governance standards. However, the resolution of prior issues shows commitment to compliance.