Annual Secretarial compliance Report for the financial year ended 31st March, 2024.
Awaiting price reaction for this filing.
Lords Chemicals Ltd has filed its Annual Secretarial Compliance Report for FY 2023-24, which flags 19 separate instances of non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. The company's shares are currently suspended from trading on BSE due to these accumulated non-compliances. Key issues include no Compliance Officer appointed, non-payment of annual listing fees, non-submission of quarterly and annual financial results, missing quarterly shareholding patterns, no annual report submitted, incomplete board composition (no woman director after January 31, 2024, and less than 50% independent directors), incomplete Nomination and Remuneration Committee, and non-compliance with insider trading regulations. No financial results have been submitted for any quarter during the review period, meaning investors have no visibility into the company's actual financial performance.
This filing confirms Lords Chemicals is in deep regulatory trouble — its stock remains suspended from trading, meaning existing shareholders are locked in with no ability to sell, and no recent financial results are available to assess company health. Investors should treat this as a high-risk, non-operationally transparent investment until the company resolves its compliance failures and gets its trading suspension lifted.