Annual Secretarial Compliance Report as per Regulation 24A SEBI(LODR) Reg 2015 for the financial year ended on March 31, 2025
Awaiting price reaction for this filing.
Emmsons International Ltd has filed its Annual Secretarial Compliance Report for FY ended March 31, 2025, as required under SEBI's LODR Regulations. For the current year, the company is reported as compliant on all 13 checked parameters, including secretarial standards, policies, website disclosures, director disqualifications, related-party transactions, and insider trading norms. The report confirms that five previous year's non-compliances (mainly around SEBI's Prohibition of Insider Trading rules and appointment of a Compliance Officer) have now been rectified. However, the report carries critical remarks at the bottom: trading in the company's shares has been suspended by SEBI w.e.f. October 26, 2021 due to past non-compliances, and the promoters' demat accounts remain frozen. The company's bank accounts have been classified as Non-Performing Assets (NPA) since 2014 with no settlement, and it has defaulted on bank loan repayments. The company has filed an application with BSE seeking revocation of the trading suspension.
This is a serious red flag for retail investors — the stock is effectively not tradable on BSE since October 2021, promoters' shares are frozen, and the company has been in loan default for over a decade. Recovery for shareholders remains uncertain and depends on the BSE's decision on the revocation application. Existing investors should treat this as a high-risk, distressed situation.