Revised Annual Secretarial Compliance report for the Year Ended 31st March,2025
ALMONDZ · price
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Almondz Global Securities has filed a revised Annual Secretarial Compliance Report for the financial year ended 31 March 2025, originally submitted on 28 May 2025. The Practicing Company Secretary confirmed the company largely complied with SEBI regulations, secretarial standards, insider trading rules, and disclosure requirements. However, the report flagged a non-compliance: the appointment of Mr. Surinder Singh Kohli as a non-executive Independent Director on the Board, who is over 75 years old, without obtaining shareholder approval through a special resolution as required under Regulation 17(1A) of SEBI LODR. Both NSE and BSE imposed a fine of Rs. 92,040 each (inclusive of GST) for this lapse. NSE rejected the company's waiver request and the fine was paid on 4 July 2025, while BSE's response to the waiver plea is still awaited.
This is a routine regulatory compliance disclosure with no material impact on the stock. The total penalty of about Rs. 1.84 lakh is minor for a listed entity, but the non-compliance on director appointment formalities reflects a governance gap that shareholders should note.