Annual Secretarial Compliance Report
Awaiting price reaction for this filing.
MSR India Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025 to BSE, as required under SEBI LODR Regulation 24A(2). The report, prepared by Practicing Company Secretary Nishant Darak, confirms overall compliance with SEBI regulations and Secretarial Standards, with no director disqualifications or insider trading violations. However, several minor deviations were flagged: late payment of annual listing fees for 2024-25, a 3-day delay in filing the corporate governance report for Q4 FY24 (BSE levied a fine of Rs 7,080), a 4 hours 30 minutes delay in submitting proceedings of the 41st AGM, non-disclosure of a show cause notice dated 30.10.2024 from the Central Tax Commissioner, and non-submission of the Share Capital Reconciliation Audit Report for the quarter ended 31.03.2025. The company has either paid the penalties or committed to filing the pending reports at the earliest.
These are minor procedural lapses with small fines, not major governance red flags. Shareholders need not be alarmed, but the repeated delays in filings (similar issues were noted in the FY23-24 report too) suggest weak compliance discipline that investors should track.