Annual Secretarial Compliance Report for the year ended on 31.03.2025
Awaiting price reaction for this filing.
Sellwin Traders Ltd submitted its Annual Secretarial Compliance Report for FY2024-25, certified by M/s Ankur Gandhi & Associates, Practicing Company Secretaries. The report flagged three non-compliance instances during the year: (1) Audit Committee composition issue under Regulation 18(1), for which BSE levied a fine of Rs. 1,08,560 which was later withdrawn after revised filings; (2) late submission of voting results under Regulation 44(3), attracting a fine of Rs. 11,800 which the company has paid; and (3) financial results for December 2024 quarter not signed by an authorised director under Regulation 33(2)(b), which the company rectified by uploading the Board Resolution. All other compliance areas — including Secretarial Standards, policies, website disclosures, director disqualification, document preservation, board evaluations, related party transactions, event disclosures, and insider trading — were marked compliant. There were no pending SEBI or stock exchange actions and no statutory auditor resignations.
The non-compliances are minor and procedural in nature, and the company has either paid the fines or had them withdrawn after corrective action. This is a routine annual compliance filing and is unlikely to have a material impact on the stock price or shareholder value.