BSEAmpvolts LtdMinimalNeutral
Announced Fri, 23 May · 18:56 IST

Annual Secretarial Compliance Report for the year ended 31.03.2025

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ampvolts Ltd (formerly Quest Softech India Ltd) submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by Practicing Company Secretary Mehul Bambhroliya of BMB & Associates. The review covered compliance with SEBI Act, SCRA, and various SEBI regulations including LODR, Insider Trading, and Takeover Regulations. The company was found generally compliant with applicable regulations. However, one past non-compliance remains noted: the company did not submit financial results for the quarter ended 31 December 2023 within the prescribed timeline under Regulation 33 of LODR. BSE levied a fine of Rs. 1,23,900, which the company paid on 29 May 2024 and filed a waiver application, which remains pending as of the report date. Minor delays in uploading website documents were attributed to the company's recent name change and website transition.

Likely market impact

For shareholders, this is largely a routine compliance filing confirming regulatory adherence. The pending waiver application for the Rs. 1.23 lakh fine is a minor unresolved item that should eventually be settled, with no material financial or operational impact expected.