Annual Secretarial Compliance Report for the period ended March 31,2026
Awaiting price reaction for this filing.
Satani Bearings Ltd (formerly Deccan Bearings Limited) has submitted its Annual Secretarial Compliance Report for FY 2025-26, as required under SEBI Regulation 24A. The report, issued by Practicing Company Secretaries M/s Amarendra Mohapatra & Associates, confirms that the company has complied with all applicable SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories Regulations. All 12 compliance affirmations including secretarial standards, policy updates, website disclosures, related party transactions, and insider trading norms show compliance. However, the company paid a total fine of Rs 4,69,246 due to violations of SOP Regulations, though some fines under Regulation 6(1) for September 2024 quarter were withdrawn. No actions were taken by SEBI or stock exchanges against the company, and no director disqualifications were noted.
Generally positive for shareholders as the company achieved full regulatory compliance for FY 2025-26 with no enforcement actions. The Rs 4.69 lakh fine for SOP violations is a minor concern but appears resolved with some fines withdrawn, suggesting regulatory issues were addressed.