Submission of Secretarial Compliance Report for the Financial Year ended March 2025
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Apex Capital and Finance Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI LODR Regulation 24A. The report, issued by S. Behera & Co., Company Secretaries, confirms that the company is broadly compliant with SEBI regulations, secretarial standards, insider trading rules, and disclosure requirements. A few older compliance gaps from the March 2022 quarter were flagged — delays related to Board/Audit Committee meetings (Reg 19), Stakeholders Relationship Committee (Reg 20), and Related Party Transaction disclosures (Reg 23(9)) — but these attracted fines of Rs. 1,80,000, Rs. 1,80,000 and Rs. 145,000 respectively, which BSE subsequently waived off after the company's representations. No material subsidiaries exist, no SEBI or stock exchange actions were taken during the review period, and no director disqualifications were found.
This is a routine annual compliance filing with no new negative actions or penalties against the company. The past fines from FY 2021-22 have already been waived, so there is no material financial or reputational impact on shareholders. Investors should note the company's small-cap NBFC status and limited disclosures, but nothing in this report signals a governance concern.