Annual Secretarial Compliance
Awaiting price reaction for this filing.
Shree Rajeshwaranand Paper Mills Ltd has submitted its annual secretarial compliance report for FY ended March 31, 2026. The company recently emerged from Corporate Insolvency Resolution Process (CIRP), with its Resolution Plan approved by NCLT on November 27, 2024, and a new Board appointed in January 2025. The secretarial auditor, Riddhi Shah, has flagged one key compliance violation: the company failed to convene its AGM for FY 2024-25, violating Regulation 34 of SEBI LODR. The company has filed a petition (CP/2/AHM/2026) before NCLT Ahmedabad Bench seeking extension of time, with the matter pending adjudication. Additionally, delayed entries in the Structured Digital Database under Insider Trading Regulations were noted. The company has no subsidiaries and its authorised capital is Rs. 13 crore.
The non-convening of AGM is a compliance red flag that could attract regulatory action from SEBI/BSE. However, the company's proactive approach by filing an NCLT petition and its transition from CIRP to Active status suggests management is working toward restoring good governance. Investors should monitor the AGM situation and BSE trading approval status for the new ISIN.