Annual Secretarial Compliance Report for the year ended 31st March, 2025.
Awaiting price reaction for this filing.
BKM Industries Limited submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, issued by Practicing Company Secretary Santosh Kumar Tibrewalla as required under SEBI LODR Regulation 24A(2). The auditor examined the company's compliance with SEBI regulations, circulars, and the Companies Act. One specific non-compliance was flagged: under Regulation 33(1)(d), limited review and audit reports submitted to stock exchanges on a quarterly/annual basis must be signed only by Statutory Auditors, not peer-reviewed auditors. The company appointed Statutory Auditors on 26 May 2025 for the 4th quarter of FY 2024-25 onwards, meaning this requirement was not complied with from the date of the NCLT order through the first three quarters of FY 2024-25. No fines were imposed, and the company has since taken corrective action. Multiple non-compliances from the previous year (relating to shareholding pattern, RTA reports, investor grievances, and related party transactions) have been waived by the NCLT. All other compliance areas, including Secretarial Standards, policies, website maintenance, director disqualification, related party transactions, and insider trading, were reported as compliant. No action was taken by SEBI or stock exchanges against the company during the review period.
This is a routine annual regulatory filing with limited shareholder impact. The flagged non-compliance is procedural and has been remedied with the appointment of Statutory Auditors, with no penalties imposed. The NCLT waiver of prior non-compliances removes previous overhangs. Overall, the report signals improving compliance posture with no material risk to shareholders.