Submission of Annual Secretarial Compliance Report for the year ended March 31, 2025.
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Amines & Plasticizers Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required by SEBI's listing rules. The auditor, G.S. Bhide & Associates, confirmed the company generally complied with SEBI regulations during the year. However, the company ran into trouble with three key board committees — the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee — which had vacancies from September 29, 2024 to October 13, 2024. BSE and NSE penalised the company a total of Rs. 90,000 each (excluding GST) for this lapse, split across two notices of Rs. 12,000 and Rs. 78,000. The company re-constituted all three committees on October 14, 2024, and filed waiver applications with both stock exchanges in December 2024 and March 2025, with responses still awaited.
The penalty is small relative to the company's size and reflects a procedural gap rather than any operational or financial issue. Waiver applications are pending, and the committees are now fully constituted, so the long-term impact on shareholders is minimal though it briefly signals weak governance continuity.