Pursuant to Regulation 24 A of the SEBI (LODR),2015 read with the relevant circulars issued by SEBI/Exchanges from time to time, we are submitting Annual Secretarial Compliance Report ....
AKSHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Akshar Spintex Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by Ms. Dipali Vora of D N Vora & Associates. While most compliance parameters show 'Yes', the report reveals two regulatory violations: (1) Non-compliance with Board composition requirements under Regulation 17(1), including failure to appoint a woman director, resulting in a fine of Rs 9,91,200, and (2) Delay in appointing a qualified Company Secretary as Compliance Officer under Regulation 6(1), with a fine of Rs 40,120. A previous year fine of Rs 198,000 for similar delay in Company Secretary appointment also remains on record. Management has stated commitment to ensure timely future compliance. The company has no subsidiaries.
The repeated compliance failures and cumulative fines of over Rs 12 lakh suggest governance lapses that may concern investors. The failure to maintain proper board composition, including lacking a woman director, signals weak corporate governance practices.