Annual Secretarial Compliance Report
Awaiting price reaction for this filing.
MSR India Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 with multiple compliance deviations flagged. The company failed to pay annual listing fees for FY 2025-26 on time (BSE warning issued) and missed submitting shareholding patterns for three consecutive quarters (Q2, Q3, Q4 FY26), attracting a fine of Rs 1,60,480. The company also lacks a functional website and failed to file Reconciliation of Share Capital Audit Reports for two quarters. Recurring issues from the previous year remain unresolved: promoter demat accounts remain frozen by BSE due to unpaid listing fees from FY 2024-25, and the company failed to disclose a tax show cause notice to the exchange. The secretarial auditor (Nishant Darak & Associates) has reported these deviations as non-compliant under SEBI LODR Regulations.
Recurring compliance failures and frozen promoter demat accounts signal weak governance and potential regulatory risk. Investors should monitor for further BSE actions and the company's ability to clear outstanding fines and restore compliance, as repeated non-compliance may lead to additional penalties or trading restrictions.