Annual Secretarial Compliance Report for the financial year ended 31st March 2025.
Awaiting price reaction for this filing.
Lords Chemicals has submitted its Annual Secretarial Compliance Report for FY2024-25, which reveals severe and widespread regulatory non-compliance. Trading in the company's shares on BSE is currently suspended due to multiple violations of SEBI's Listing Obligations and Disclosure Requirements (LODR). The report lists 22 distinct non-compliances, including: no Company Secretary or Compliance Officer appointed, no annual listing fees paid, no quarterly financial results filed for any quarter of the review period, no AGM held for FY2023-24 (so no annual report filed), incomplete Board composition after a woman independent director's term expired in January 2024, non-submission of shareholding patterns, investor grievance reports, related-party transaction reports, and integrated filings. The company appointed new directors on 15 February 2025 to fix board composition gaps and procured SDD software in January 2025, but most other compliance failures remain unremedied. The report was signed by Practising Company Secretary Hemant Sharma, and the company says it is 'in the process of taking requisite steps' to restore compliance and get the trading suspension revoked.
This is a deeply negative filing for shareholders. The stock is already suspended from trading on BSE, the company has not filed any quarterly results for FY2024-25, has not held its AGM, and has not paid listing fees, meaning investors currently have no up-to-date financial information and no way to trade the stock. The pattern of unresolved, repeated non-compliances signals a company in serious governance distress, and any revival in trading or share value depends entirely on management completing the remediation steps it has promised to SEBI.