Annual Secretarial Compliance Report for the Financial Year 2025-26
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Allied Digital Services Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 with BSE and NSE. The report, prepared by Parikh & Associates (Company Secretaries), confirms general compliance with SEBI regulations including LODR, ICDR, SAST, and Insider Trading Regulations. However, several deviations were noted: (1) Late submission of the Annual Secretarial Compliance Report in XBRL format to BSE with penalty paid; (2) Late submission of related party transaction disclosures on consolidated basis to both exchanges with penalties; (3) Delayed submission of financial results including standalone cash flow and consolidated financial results for quarter/half-year ended March with penalty paid; and (4) Administrative warning letter issued by SEBI to promoter/director Mr. Nehal Shah and key managerial personnel regarding trading activity investigation in the company's scrip during December-January period. The company has submitted written explanations to NSE regarding the related party transaction delays and is awaiting their response. The PCS confirms compliance with secretarial standards, board evaluations, insider trading norms, and related party transaction approvals.
The filing reveals regulatory non-compliances resulting in fines from both BSE and NSE, which the company has paid. The SEBI warning to insiders regarding trading activity may attract minor negative sentiment. However, the overall compliance posture remains largely satisfactory with no fundamental governance concerns raised by the practicing company secretary.