Annual Secretarial Compliance Report for the Financial Year Ended 31.03.2025.
Awaiting price reaction for this filing.
Inditrade Capital has filed its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI LODR Regulation 24A(2). The Practicing Company Secretary (Aabid & Co.) reviewed the company's compliance with SEBI regulations, stock exchange filings, insider trading rules, related party transactions, and other corporate governance requirements, and found the company largely compliant. A recurring non-compliance was flagged: the company's board consists entirely of Non-Executive Directors, which does not meet the SEBI requirement of an optimum mix of executive and non-executive directors under Regulation 17(1)(a). Additionally, the report notes that a prior-year non-compliance (delayed submission of consolidated results' impact statement by 22 days and RPT disclosure by 1 day for the period ending 31 March 2024) has been remediated, with a fine of Rs. 1,15,000 paid to the stock exchange. No action was taken by SEBI or stock exchanges during the year, and no auditor resignation occurred.
This is largely a routine compliance filing with no material new issues for shareholders. The ongoing board composition non-compliance is a minor governance flag but unlikely to affect stock price. Investors should note the absence of an Executive Director on the board, which is technically a structural deviation from SEBI norms.