Annual secretarial compliance report
Awaiting price reaction for this filing.
The company (recently renamed from Abhishek Corporation Limited to Mahaalaxmi Texpro Limited) has filed its Annual Secretarial Compliance Report for FY2024-25. The report confirms compliance with most SEBI regulations including secretarial standards, insider trading rules, related party transactions, and timely disclosures. However, the company has not paid annual listing fees to BSE for FY2024-25, continuing a trend from previous years (FY2021-22, 2022-23, 2023-24). The company explains this was due to being under liquidation and facing liquidity issues. It now states new management has taken over and will pay listing fees on priority basis. No action has been taken by SEBI or stock exchanges against the company.
The listing fee non-compliance is a minor regulatory concern, but the company signals a turnaround with new management taking charge. Shareholders should watch for clearance of pending listing dues and any announcements on revival of operations under the new Mahaalaxmi Texpro identity, as this could materially impact stock trading continuity and investor confidence.