Annual Secretarial Compliance Report for FY 2024-25 is attached herewith.
ANDHRAPAP · price
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Andhra Paper Limited submitted its Annual Secretarial Compliance Report for the year ended March 31, 2025, prepared by Practising Company Secretary D. Hanumanta Raju & Co. The report confirms the company is broadly compliant with SEBI (LODR) Regulations, secretarial standards, related-party transaction norms, insider trading rules, and disclosure requirements under Regulation 30. However, BSE and NSE each levied a fine of Rs. 1,08,560 (including GST) on the company for delay in compliance with Regulation 17(1A) of SEBI (LODR) Regulations. The company has applied to the stock exchanges for a waiver of these fines and is awaiting their response. No additional non-compliances were flagged for the review period.
This is primarily a routine annual compliance filing. The total penalty of around Rs. 2.17 lakh is immaterial to the company's financials, but the Regulation 17(1A) non-compliance — typically linked to director appointment/reappointment requirements — is a governance point investors should monitor, especially the outcome of the waiver application.