Annual Secretarial Compliance for the financial year ended 31st March, 2025.
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Apis India Limited submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, covering SEBI LODR compliance. The report confirms the company generally complied with regulations but flagged three instances of delayed financial results filing with BSE: Q1 FY25 (quarter ended June 30, 2024) was 37 days late with a penalty of Rs. 2.12 lakh (net of TDS), Q3 FY25 (Dec 31, 2023) was 31 days late with a Rs. 1.83 lakh penalty, and Q4 FY25 (March 31, 2024) was 25 days late with a Rs. 1.35 lakh penalty. The delays were attributed to non-availability of associate company financials, statutory auditor reports, and migration of data from Tally to ERP software. BSE had also issued a freeze direction on promoter accounts due to the Q1 delay, which was later lifted. The company has paid all penalties and assured timely compliance going forward; all other checked areas — secretarial standards, insider trading, related party transactions, website disclosures, structured digital database, and director qualifications — were found compliant.
The compliance lapses appear to be operational hiccups (ERP migration and associate company data delays) rather than governance failures, with penalties already paid and promoter accounts unfrozen. Investors should view this as resolved but watch for any repeat delays, as recurring late filings could invite sharper regulatory action from BSE.