Annual Secretarial Compliance Report as per Regulation 24 (A) of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Shri Krishna Prasadam Ltd's Annual Secretarial Compliance Report for FY25 reveals significant compliance gaps. The company has not complied with applicable Secretarial Standards, has not maintained mandatory SEBI policies, and does not have a functional website. Most critically, financial statements were not prepared or submitted to the stock exchange as required under Regulation 33 of SEBI LODR. The company also lacks a record preservation policy and did not approve financial statements in a board meeting. The management attributes these lapses to the company being in the process of revival from insolvency proceedings, and states it is making continuous efforts to regularize the defaults.
This is a major red flag for shareholders — the company is failing on basic listing compliance, including not filing financial results, which could attract further regulatory action or continued trading restrictions. The insolvency revival explanation provides context but does not eliminate the compliance risk for investors.