Attaching the Annual Secretarial Compliance Report as on 31st March 2025
ALKALI · price
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Alkali Metals Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI (LODR) Regulation 24A. The Practicing Company Secretary confirmed the company complied with all SEBI regulations, secretarial standards, and disclosure norms. One minor non-compliance was noted: between 21 August 2024 and 2 October 2024, the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were not fully constituted due to a brief gap when two Independent Directors completed their term and new ones were being appointed. NSE levied a fine of Rs 46,000 and BSE levied Rs 58,000, but the company filed waiver applications and both exchanges subsequently granted full waivers (NSE in February 2025, BSE on 6 May 2025). All other compliance areas including insider trading, related party transactions, website disclosures, and director eligibility are in good standing.
The non-compliance was short-lived, fully resolved, and penalties were waived by both stock exchanges, so there is no material impact on shareholders. This is a routine regulatory filing confirming the company met its corporate governance obligations for FY25.