Annual Secretarial Compliance Report 2024-25
Awaiting price reaction for this filing.
Mideast Integrated Steels Ltd has submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, prepared by Practicing Company Secretary Tripti Shakya & Co. The report flags multiple compliance lapses: the company is currently suspended on BSE due to non-payment of annual listing fees for FY 2024-25 and pending settlement of stock exchange correspondence, and it also failed to maintain its website properly as required under SEBI Regulation 46. Additionally, there were delayed filings of E-Form DPT-3 (filed October 10, 2024, attracting a ₹6,000 fine) and E-Form AOC-4 XBRL (filed December 11, 2024, attracting a ₹14,300 fine). The company confirmed it has no subsidiaries, no disqualified directors, and is compliant with insider trading norms. Management stated it is working to resolve the BSE suspension and update its website.
This filing is a routine regulatory requirement but highlights serious compliance concerns: the BSE suspension means the stock is not actively tradable, and repeated filing delays and penalties indicate weak governance — factors that retail investors should weigh carefully before investing.