Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025
Awaiting price reaction for this filing.
Finolex Industries Limited (Symbol: FINPIPE, Scrip Code: 500940) has submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2025, as required under Regulation 24A of SEBI LODR. The report was issued by M/s. SVD & Associates, Practicing Company Secretaries (Pune), and confirms that the company largely complied with applicable SEBI regulations, secretarial standards, insider trading rules, and disclosure norms during the year. One minor non-compliance was flagged: a delay of roughly 3 minutes (due to a technical glitch pushing submission past midnight) in filing the half-yearly Related Party Transactions disclosure for the period ended 30 September 2024. BSE and NSE each levied a fine of ₹5,900 (inclusive of GST) on 13 December 2024, which the company paid on 24 December 2024 (NSE) and 26 December 2024 (BSE). The company has no subsidiaries, no statutory auditor resignations, and no open observations from the previous year's report.
This is a routine annual regulatory filing. The only compliance lapse was a minor 3-minute technical delay in a routine disclosure, leading to a negligible fine (~₹5,900 per exchange). No material governance issues, no penalties beyond minor fines, and no outstanding SEBI or stock exchange actions. Negligible impact on shareholders or stock price.