Please find enclosed Secretarial Compliance Report for the year ended 31st March, 2026 pursuant to Regulation 24A of Securities and Exchange Board of India (Listing Obligations and Disclosure ....
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Apoorva Leasing Finance filed its annual Secretarial Compliance Report for FY 2025-26, revealing multiple compliance failures. The company failed to maintain a Qualified Company Secretary as Compliance Officer for nearly a year (CS resigned December 2024, replacement appointed November 2025), resulting in a Rs 2.78 lakh BSE fine. More significantly, the company has unpaid fines totaling Rs 62.34 lakh accumulated over multiple years, including Rs 58.2 lakh for governance non-compliances during June 2022-June 2023 such as failure to appoint a Woman Director, improper board quorum, and failure to constitute Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. The company also failed to maintain Structured Digital Database under SEBI Insider Trading Regulations and has delayed other regulatory filings. The company attributes unpaid fines to 'financial constraints' and has applied for waiver of some penalties.
The filing reveals significant governance weaknesses with over Rs 62 lakh in unpaid regulatory fines. This pattern of non-compliance and inability to pay penalties may concern shareholders and indicate operational or financial challenges at the small-cap company. The stock trades on BSE (539545).