ANNUAL SECRETARIAL COMPLIANCE FOR 2024-25
Awaiting price reaction for this filing.
Shree Rajeshwaranand Paper Mills has filed its annual secretarial compliance report for the financial year ended March 31, 2025, as required by SEBI regulations. The company underwent a major transition during the year: its insolvency resolution plan was approved by NCLT on November 27, 2024, with Mercury Terra Firma as the resolution applicant, changing the company's status from CIRP to Active. A new board was appointed on January 13, 2025. Three minor non-compliances were flagged: the new management is yet to procure software for SEBI Insider Trading compliance (Regulations 3(5) & 3(6)), appointment of a Designated Depository for system-driven disclosures, and monitoring of foreign investment limits. All three received only advisory notices — no fines or penalties were imposed. The statutory auditor resigned citing inability to continue with the old management's fee structure after the resolution plan was approved, and did not issue any limited review reports.
This is a routine regulatory filing with no material negative impact — the flagged items are advisory-level and stem from the transition out of insolvency rather than ongoing governance failures. Shareholders can take it as a sign the company is stabilizing under new ownership after emerging from CIRP, though timely completion of the pending compliance items (especially insider trading software) will be worth tracking.