Annual Secretarial Compliance Report for FY 2024-25
Awaiting price reaction for this filing.
Adani Enterprises has filed its Annual Secretarial Compliance Report for FY 2024-25, as mandated by SEBI, covering compliance with listing regulations, insider trading rules, and other SEBI requirements. The certificate was issued by Practicing Company Secretary Ashwin Shah on 13th May 2025 and submitted to BSE and NSE on 30th May 2025. One non-compliance was flagged — delayed submission of the statement on utilization of issue proceeds under Regulation 52(7)/(7A) of SEBI LODR Regulations — attracting a fine of ₹6,000 each from BSE and NSE (₹12,000 total). The company described this as an inadvertent delay and noted it has made various submissions to regulatory authorities against show cause notices, with steps underway to resolve ongoing adjudication proceedings. On all other parameters — secretarial standards, board policies, website disclosures, director eligibility, related party transactions, insider trading, and subsidiary governance — the company was reported as compliant.
The non-compliance is procedural and minor (₹12,000 total fine), unlikely to affect the stock price. No major governance red flags; the company remains compliant on key SEBI listing requirements, though investors should note ongoing regulatory proceedings referenced in the report.