Annual Secretarial Compliance Report as per Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
GMR Airports Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, prepared by M/s. V. Sreedharan & Associates, Practicing Company Secretaries. The Practicing Company Secretary reviewed the company's compliance with SEBI regulations, circulars, the Companies Act, and Secretarial Standards, and found that the company has complied with all applicable provisions. No deviations, penalties, or actions by SEBI or stock exchanges were reported during the review period, and no statutory auditor resigned. The report flagged two minor observations without qualifying its opinion: the e-voting cut-off date for the September 16, 2024 AGM was set 9 days in advance (including two non-working days), and Non-Convertible Bonds of Rs. 800 crore (Dec 2023) and Rs. 2,250 crore (Feb 2024) were fully utilised with no deviation in use of proceeds.
This is a routine regulatory filing confirming full compliance with SEBI listing requirements for FY25 with no penalties or regulatory actions against the company. The disclosure of bond proceeds being fully utilised as intended is a positive signal on financial discipline, but overall this filing is procedural and is unlikely to move the stock price.