Annual Secretarial Compliance Report For the financial year ending 31st March 2026
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance Ltd has submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2026, as mandated under SEBI Regulation 24A. The report, issued by Practicing Company Secretary Bhupendra Kaushik & Associates, reveals multiple non-compliances. Key violations include: (1) website not updated as per Regulation 46 of SEBI LODR, (2) material related party transaction undertaken without requisite approval violating Regulation 23, (3) failure to maintain Structured Digital Database under SEBI Prohibition of Insider Trading Regulations, and (4) borrowing undertaken without shareholder approval under Section 180(1) of Companies Act 2013. The company has no disqualified directors, no material subsidiary, and no SEBI/Exchange actions were taken during the year.
The multiple regulatory violations flagged in this report signal weak corporate governance and could attract penalties from SEBI or stock exchanges. Investors should monitor for any regulatory actions or notices from BSE/NSE regarding these non-compliances, particularly the related party transaction and borrowing without approval.