Annual Secretarial Compliance report for the year ended March 31, 2025
Awaiting price reaction for this filing.
Cigniti Technologies filed its Annual Secretarial Compliance Report for FY25, certifying compliance with SEBI LODR Regulations. The report flagged five instances of delayed filings during the review period: (1) BRSR filed late in XBRL mode, (2) Corporate Governance Report for Q4 FY24 filed late with NSE, (3) Related party transaction disclosure for H2 FY24 filed late, attracting a fine of INR 5,900 each from BSE and NSE, (4) Resignation letter of an Independent Director and KMP submitted late, and (5) Application for promoter reclassification under Regulation 31A filed late, attracting a penalty of INR 1,41,600 each from BSE and NSE. Other areas like secretarial standards, insider trading, website maintenance, director disqualification, and preservation of documents were reported as compliant.
The penalties and delays are minor administrative lapses and unlikely to materially affect the stock price, though they reflect governance shortcomings. Shareholders should note the fines totaling around INR 2.95 lakh plus GST from both exchanges for promoter reclassification delay, and the company's repeated pattern of late XBRL filings that SEBI may flag in future inspections.