Annual Secretarial Compliance Report for the year ended 31st March, 2025.
Awaiting price reaction for this filing.
The company submitted its Annual Secretarial Compliance Report for FY ended 31 March 2025, prepared by Practicing Company Secretary Parul Agrawal & Associates. Four non-compliances were flagged: (1) company website not updated under Regulation 46 of SEBI LODR (work in progress), (2) Structured Digital Database (SDD) software not set up as required under SEBI Insider Trading Regulations (work in progress), (3) delay in prior intimation to stock exchange attracting a penalty of Rs. 11,800, and (4) about 42-day delay in disclosure of related party transactions attracting a penalty of Rs. 2,41,900. The company's statutory auditors resigned during the review period. Management acknowledged the lapses and committed to timely compliance going forward.
Total penalties of approximately Rs. 2.53 lakh were imposed on the company for disclosure-related lapses. While penalties are small, the open compliance gaps around website updates, SDD software for insider trading, and disclosure delays point to governance weaknesses that retail investors tracking corporate governance standards should note.