Annual Secretarial Compliance Report for year ended March 31, 2025
Awaiting price reaction for this filing.
Devyani International Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI Listing Regulations. The report, issued by Sanjay Grover & Associates, confirms the company complied with most applicable SEBI regulations covering secretarial standards, insider trading, related party transactions, website disclosures, and director eligibility. One deviation was noted: BSE and NSE each levied a Rs. 10,000 fine (plus GST) for an alleged delay in obtaining shareholder approval for the re-appointment of a Non-Executive Director (Mr. Pradeep Sardana) who crossed 75 years of age. The company paid the fines under protest, stating shareholder approval was secured via special resolution on July 5, 2024. No actions were taken by SEBI against the company or its promoters, and there were no auditor resignations during the year.
This is a routine annual compliance filing with no material business impact. The minor fine (~Rs. 20,000 total plus GST) is insignificant financially and reflects a technical procedural delay rather than any substantive governance issue, with the company contesting it under protest.