Annual Secretarial Compliance Report for the year ended March 31, 2025.
Awaiting price reaction for this filing.
Starlite Components Limited has filed its Annual Secretarial Compliance Report for FY25, prepared by M/s Shivam Sharma & Associates. The report reveals that the company is under Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with IRP Mr. Naren Sheth appointed (NCLT order dated 14 March 2024) and the Board of Directors' powers suspended. Multiple compliance failures were flagged: non-appointment of a qualified Company Secretary as Compliance Officer (fines of Rs 1,07,380 and Rs 1,08,560), late filing of shareholding pattern (fine of Rs 9,440), failure to provide e-voting at the AGM held on 30.09.2024, non-publication of financial results for quarters ended September 2024 and December 2024, and a Board not constituted as required under the Companies Act and SEBI LODR. The company's shares are currently suspended on BSE due to procedural reasons.
This is a significantly negative filing. The company is in insolvency resolution, its stock is suspended on BSE, and it has accumulated multiple SEBI compliance lapses, fines, and governance failures — pointing to deep operational and regulatory distress for shareholders.