Annual Secretarial Compliance Report for the year 2024-25 is submitted
Awaiting price reaction for this filing.
Hindustan Fluorocarbons Ltd filed its Annual Secretarial Compliance Report for the year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report, prepared by Practicing Company Secretary K.V.S. Subramanyam of KVSS & Co. LLP, confirms overall compliance with SEBI regulations, secretarial standards, insider trading rules, and disclosure requirements. However, two non-compliances were flagged: (1) no Woman Director on the Board since December 23, 2024, and (2) the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were not properly constituted after the term of independent directors expired on December 23, 2024. No penalties or actions were imposed by SEBI or stock exchanges during the year.
This is a routine compliance filing, but the flagged non-compliances regarding the absence of a Woman Director and improperly constituted board committees are governance red flags that could attract regulatory scrutiny and affect investor confidence. Shareholders should watch for updates on the appointment of a Woman Director and reconstitution of board committees, as prolonged non-compliance may lead to SEBI penalties or trading restrictions.