Annual Secretarial Compliance Report for the year 31/03/2025
Awaiting price reaction for this filing.
Sanguine Media Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by M/s JCA & Co., Practicing Company Secretaries. The report confirms that the company has generally complied with SEBI (LODR) Regulations, 2015, including insider trading norms, related party transactions, and event disclosures. However, several non-compliances were flagged: the company does not have a qualified company secretary (violating Regulation 6(1)) and is in the process of appointing a compliance officer; ROC returns and BSE periodic filings were not submitted on time due to unavoidable circumstances; and the company website was not regularly updated with required documents. Additionally, statutory auditor M/s Mohandas & Co resigned on 12 November 2024, and M/s K.S. Subrahmanya & Co was appointed to fill the casual vacancy.
While this is a routine regulatory filing, the highlighted non-compliances — particularly the absence of a qualified company secretary and delayed filings — point to weak governance and compliance processes, which may concern investors and potentially attract further regulatory scrutiny from BSE and SEBI.