Annual Secretarial Compliance for the year March, 2025
Awaiting price reaction for this filing.
Aadhaar Ventures India Limited has filed its Annual Secretarial Compliance Report for the year ended March 31, 2025, certified by Practicing Company Secretary Hemanshu Upadhyay of HRU & Associates. The report flags several continuing compliance lapses and unpaid BSE penalties totaling roughly Rs 49.6 lakhs, including Rs 1.06 lakh for not having a qualified Company Secretary, Rs 14.62 lakh in unpaid Annual Listing Fees, Rs 2.17 lakh for not constituting the Nomination and Remuneration Committee, and a larger Rs 31.39 lakh SOP fine for multiple SEBI LODR violations. The company blames an 'adverse financial situation' for most of these shortfalls and confirms it has not paid any of the outstanding penalties as of the report date. On the governance side, the resignation of director Mr. Somabhai Sunderbhai Meena (effective August 16, 2024) was never noted in a board meeting, no forms were filed with the Registrar of Companies, and committees were not reconstituted; the resigned director's name is still visible on the MCA portal.
Shareholders should note that the company is sitting on roughly Rs 49.6 lakh in unpaid BSE penalties and listing fees, signaling ongoing financial stress that could invite further regulatory action or continued trading restrictions. The unrecorded director resignation and unreconstituted committees are governance red flags that go beyond mere paperwork and may affect board oversight quality.