Annual Secretarial Compliance Report for the year ended 31st March, 2025.
Awaiting price reaction for this filing.
Tiaan Consumer Ltd filed its Annual Secretarial Compliance Report for FY2024-25, which flagged multiple regulatory non-compliances. The company's website was not updated as required under Regulation 46 of SEBI LODR, and it had not set up the mandatory Structured Digital Database (SDD) software under SEBI Insider Trading Regulations. Most notably, the company did not have a Compliance Officer and Company Secretary appointed, for which the stock exchange imposed a penalty of Rs. 1,08,560. Additionally, the statutory auditor resigned during the review period, and certain Secretarial Standards related to Board/General Meeting notices and circulation of minutes were not fully met. The Practicing Company Secretary noted that management acknowledged the gaps and committed to working toward compliance.
This report highlights serious governance and compliance weaknesses at Tiaan Consumer Ltd, including a financial penalty, missing key compliance personnel, and failure to maintain mandatory digital systems. For shareholders, this raises red flags about internal controls and regulatory adherence, which could weigh on the stock and potentially lead to further penalties or action from the exchange.