Annual Secretarial Compliance Report for FY 2024-25
Awaiting price reaction for this filing.
Narbada Gems and Jewellery Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI Regulation 24A. The Practicing Company Secretary (CS Ajay Suman Shrivastava) reviewed the company's compliance with SEBI regulations, circulars, and Secretarial Standards, and found NIL observations or deviations across most areas including insider trading, related party transactions, website disclosures, and director disqualifications. A minor delay was noted in the disclosure during the period of change of Compliance Officer. No penalties or actions were taken by SEBI or stock exchanges against the company, its promoters, or directors during the review period. The company has also confirmed compliance with the Structural Digital Database (SDD) requirements under PIT Regulations.
This is a routine regulatory compliance filing and does not materially impact the stock price. However, the report also highlights that the company's Scheme of Amalgamation with Uday Jewellery Industries Limited is progressing — the BSE no-objection was received on March 20, 2025, and the First Motion application was heard by NCLT Hyderabad Bench on May 8, 2025, which is a material corporate action for shareholders to track.