Annual Secretarial Compliance Report for the financial year ended 31st March 2025

Wisec Global Ltd has submitted its Annual Secretarial Compliance Report for FY ending March 2025, which flags multiple ongoing non-compliances with SEBI listing rules. Key issues include: (1) no qualified Company Secretary appointed as Compliance Officer, (2) unpaid annual listing fees to BSE, (3) shareholder approval for an Independent Director (Ms. Aliya) not secured within the required 3-month window, and (4) 100% of promoter shareholding is still held in physical form rather than dematerialized. The Practicing Company Secretary attributes these lapses to severe financial distress, with the company reporting nil revenues and heavy losses, and trading in its shares currently suspended by BSE. Several prior-period (FY 2023-24) non-compliances — including missing shareholder pattern filings, delayed investor complaint statements, absent related party transaction disclosures, and non-functional website issues — were also carried forward. The company claims to be working on restoring trading status and obtaining SOP penalty removal from BSE.