Annual Secretarial Compliance Report for 31.03.2025
ALBERTDAVD · price
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Albert David Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25, certified by M/s Vinod Kothari & Company (Practicing Company Secretaries). The company is largely compliant with SEBI regulations, including Secretarial Standards, insider trading norms, related party transactions, and board performance evaluation. The report flags one instance of non-compliance under Regulation 30 disclosures: the appointment of Mr. Abhishek Sengupta as Senior Management Personnel (effective May 2, 2024) and the initiation of material litigation were not disclosed within the prescribed time and were later reported only in the Integrated Governance Filing for Q3 FY25 (December 2024). The company has no subsidiaries, no pending SEBI actions, and no statutory auditor resignations. Buyback and ESOP-related SEBI regulations were not applicable during the review period.
This is a routine annual compliance filing required by SEBI and is unlikely to materially move the stock price. However, the delayed disclosure of the SMP appointment and material litigation is a minor compliance lapse that investors should be aware of, though no penalty or SEBI action has been initiated.