Annual secretarial compliance report for the year ended 31 March,2026
Awaiting price reaction for this filing.
Starlit Power Systems Ltd submitted its annual secretarial compliance report for FY 2025-26 as required under SEBI LODR regulations. The secretarial audit was conducted by Babita & Associates. The report identifies several non-compliances: (1) the company's website was not updated as mandated under Regulation 46 of SEBI LODR, (2) there is non-compliance in the adoption and updating of policies under SEBI regulations, (3) no information was provided regarding Structured Digital Database (SDD) maintenance under Insider Trading regulations, and (4) the statutory auditors resigned during the review period but the company did not comply with the master circular requirements. Secretarial standards, director disqualification checks, and document preservation were found compliant.
The report highlights regulatory compliance gaps that could invite scrutiny from SEBI or stock exchanges. The website non-compliance and policy update failures indicate weak corporate governance practices, which may concern investors about the company's internal controls.