Annual Secretarial Compliance Report Under Regulation 24A for the Financial Year 2024-2025
Awaiting price reaction for this filing.
Amit International Ltd submitted its Annual Secretarial Compliance Report for FY ended 31st March 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary found that the company generally complied with SEBI regulations, though BSE raised multiple clarifications during the year regarding delayed filings. These included late submission of Q1 FY25 financial results (due to a technical server error), failure to submit shareholding patterns in XBRL format for Q1 and Q3 FY25, delayed reconciliation of share capital audit reports for Q1, Q2, and Q3 FY25 (attributed to not receiving data from the Registrar and Transfer Agent), and late filing of corporate governance reports for Q1, Q2, and Q3 FY25 (due to the compliance officer resigning from the company). The company stated it submitted adequate replies to all BSE clarifications within the prescribed timelines. No monetary fines or penalties were imposed.
For shareholders, this is a routine but somewhat concerning compliance filing. While no fines were levied, the repeated delays in statutory filings — particularly due to RTA data dependency and key personnel (compliance officer) attrition — point to weak internal compliance processes. Investors should monitor whether these lapses recur in FY26, as repeated non-compliance can eventually attract stricter regulatory action.