Submission of Annual Secretarial Compliance report for March 2025
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Anand Rayons Limited has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under Regulation 24A of SEBI's Listing Regulations. The report, issued by Practicing Company Secretary Alpesh Paliwal of M/s Paliwal & Co., confirms compliance across key areas including Secretarial Standards, policy adoption and updates, website disclosures, director eligibility, related party transactions, insider trading norms, and timely disclosure of corporate events. No penalties or actions were taken by SEBI or stock exchanges during the year. However, one non-compliance was flagged: under Regulation 167(6) of SEBI (ICDR) Regulations, 2018, the company set the relevant date and lock-in period start as 9 December 2024 for a pre-preferential allotment, but CDSL and NSDL issued lock-in certificates with start dates of 23 December 2024 and 2 January 2025 respectively. Management clarified that approvals were based on depository approval dates and that BSE had granted in-principle and listing approval.
This is a routine annual compliance filing. The single non-compliance is procedural and technical in nature, relating to mismatched lock-in dates with depositories — no monetary penalty was imposed. Shareholders should note no material governance red flags were identified.