Annual Secretarial Compliance Report for the year ended 31st March, 2026
Awaiting price reaction for this filing.
ACE Edutrend Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 under SEBI Regulation 24A. The report, issued by Practicing Company Secretary Apoorv Srivastava of M/S Apoorv & Associates, identifies two non-compliance issues. Independent Director Mr. Parsanna Kumar Mohapatra has not applied to IICA for data bank inclusion and has not passed the mandatory self-assessment test, making him ineligible to serve as Independent Director under Regulation 17 and as member of Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee under Regulation 18-20 of SEBI LODR Regulations read with Section 149/177/178 of the Companies Act, 2013. The company states it is in the process of taking corrective actions. All other compliance areas including secretarial standards, policies, website disclosures, insider trading norms, and related party transactions are reported as compliant.
The non-compliance with independent director eligibility requirements is a regulatory violation that could attract SEBI action if not rectified promptly. Shareholders should monitor whether the company appoints eligible independent directors to comply with corporate governance norms.