Dear Sir/Madam, Please find enclosed Annual Secretarial Compliance Report for your records.
ARIHANT · price
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The company has submitted its Annual Secretarial Compliance Report for FY 2024-25, reviewed by V Suresh Associates, Practising Company Secretaries. The auditor confirmed the company complied with most SEBI regulations, secretarial standards, and listing obligations. One non-compliance was flagged: the company delayed filing the voting results of its FY24 Annual General Meeting in the XBRL format (Regulation 44(3)), for which BSE imposed a Rs. 10,000 fine (ex GST) which has been paid. The company explained this was due to an oversight as results were filed in PDF format on time. Older observations relating to delayed filing of related party transactions (Rs. 15,000 penalty) and the FY23 Annual Secretarial Compliance Report (Rs. 86,000 penalty) have been remediated with penalties paid. Minor observations include the need to update internal policies for recent amendments and to refresh the insider trading SDD software. The RTA's Regulation 74(5) certificate was filed slightly beyond the 15-day window.
The compliance lapses are procedural and minor in financial terms — total fines disclosed are around Rs. 1.11 lakh cumulatively and all have been paid. No serious governance red flags; however, repeated delays in regulatory filings may indicate weak compliance processes, which retail investors should monitor going forward.