Annual Secretarial compliance report for the year ended 31st March, 2025.
Awaiting price reaction for this filing.
Sunshine Capital Ltd (BSE: 539574) filed its Annual Secretarial Compliance Report for FY2024-25, reviewed by Practicing Company Secretary Parul Agrawal & Associates. The report flagged three non-compliance issues: (1) the company's website was not maintained/updated under Regulation 46 of SEBI LODR rules, (2) the Structured Digital Database (SDD) required under Regulation 3(5) and 3(6) of SEBI Insider Trading rules was not set up, and (3) related party transactions were not reported within the required 37-day window under Regulation 23(9). BSE imposed a penalty of Rs. 2,24,200 on the company for the related party transaction delay. The company's statutory auditor also resigned during the review period. Management acknowledged the gaps and committed to improving timely and accurate regulatory reporting.
Multiple governance lapses including a BSE-imposed fine of Rs. 2,24,200 and an auditor resignation may dent investor confidence in the company's compliance standards, even though the flagged issues are relatively minor and being worked on.