Annual Secretarial Compliance Report
Awaiting price reaction for this filing.
Vijay Textiles Limited has submitted its Annual Secretarial Compliance Report for FY 2024-2025, prepared by Nishant Darak & Associates, Practicing Company Secretaries. The report reveals multiple serious compliance failures during the review period. The company delayed submission of annual audited financial results by 60 days, quarterly results by 181 days (for Q1 FY25) and 168 days (for Q2 FY25), and failed to submit results for Q3 FY25. Annual listing fees for both 2023-24 and 2024-25 remain unpaid. The company failed to file Reconciliation of Share Capital Audit Reports for multiple quarters. BSE imposed penalties of Rs 5,000 per day plus GST, several of which remain unpaid. As a consequence, the company's shares have been suspended from trading by BSE, and promoter Demat accounts have been frozen due to non-payment of listing fees. A director vacancy was also not filled before the term expiration date.
This is a significant red flag for shareholders — repeated regulatory non-compliance, frozen promoter accounts, suspended trading, and mounting unpaid penalties point to serious governance and financial distress concerns at the company.