ARCHIDPLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Archidply Industries has submitted its Annual Secretarial Compliance Report for FY 2025-26, disclosing two regulatory deviations that have since been rectified. First, board composition became non-compliant when Independent Director Ms. Shanthi Mallar completed her tenure on March 10, 2025, reducing the board to 5 members (below the required 6), eliminating independent directors' majority, and leaving no woman director on the board until Ms. Anchal Mittal was appointed on April 26, 2025. Second, there was a 1-day delay in filing Related Party Transaction disclosures for H1 FY2025 (filed November 13 instead of November 12, 2025). Fines of Rs. 2.3 lakh each for board composition and Rs. 5,000 each for RPT delays were paid to both BSE and NSE. The company is otherwise compliant with all other SEBI regulations examined, including secretarial standards, insider trading norms, and disclosure requirements.
The violations were procedural and temporary in nature, with the company promptly rectifying them and paying fines. This indicates governance lapses but no fundamental issues, though investors should note the recurring nature of board composition compliance challenges.