ANNUAL SECRETARIAL COMPLIANCE REPORT FOR YEAR ENDED 31.03.2025
Awaiting price reaction for this filing.
Encash Entertainment Ltd, listed on the BSE SME platform, has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. Practicing Company Secretary Neha Poddar reviewed the company's compliance with SEBI regulations, including the SEBI Act, SCRA, Insider Trading rules, and various other SEBI Regulations. The report confirms overall compliance, with NIL observations on most items including secretarial standards, policy adoption, website disclosures, director disqualification, related party transactions, and insider trading rules. The report notes two notable points: the previous statutory auditor (AK Barman & Associates) passed away in October 2024, and a new auditor (S L Prasad & Co) was appointed on 13/11/2024; and BSE has suspended trading in the stock due to alleged non-payment of Annual Listing Fees, although the company claims it paid the ALF on 31/03/2025.
For shareholders, this is largely a routine compliance filing with no major adverse findings, but the BSE trading suspension due to alleged Annual Listing Fee non-payment is a significant red flag that affects liquidity and investor access to the stock. The auditor change due to the previous auditor's demise is a neutral event but worth noting for governance tracking.