Annual Secretarial Compliance Report for the year ended March 2025
Awaiting price reaction for this filing.
Advance Syntex Limited submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by Practicing Company Secretary Mr. Devesh R. Desai. The report confirms the company has generally complied with SEBI regulations, including secretarial standards, insider trading norms, related party transaction approvals, and event disclosures. However, several past non-compliances remain unresolved with BSE: non-payment of annual listing fees (suspension notice issued), and pending fines of Rs. 11,800, Rs. 16,520, and Rs. 88,500 for late filing of board meeting intimation, shareholding pattern, and half-yearly related party transaction disclosures respectively, for which waiver requests were submitted but no BSE response was received as of 31 March 2025. The company has no subsidiaries, no disqualified directors, and no SEBI or stock exchange actions during the review period.
While the filing is a routine regulatory submission, the unresolved listing fee issue and multiple pending fines flag ongoing compliance weaknesses that could weigh on the stock's listing status and investor confidence. Shareholders should note that BSE has not yet responded to the company's waiver requests, leaving the outcome uncertain.