Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026.
ARIHANTSUP · price
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Arihant Superstructures Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by N L Bhatia & Associates. The report reveals that the company faced multiple compliance violations primarily related to Board composition under Regulation 17(1) of SEBI LODR. The Board was understaffed (5 directors instead of required 6) following the resignation of Independent Director Mr. Sridhar Ramachandran in March 2025. The company was fined a total of approximately Rs 16.04 lakh across BSE and NSE for non-compliance in Q1, Q2, and Q3. Additionally, promoters' demat accounts were frozen due to non-payment of fines. The company subsequently appointed three new directors (Mr. Bhavik Chhajer, Mr. Abodh Khandelwal, and Ms. Sheetal Bhilkar) and cleared all fines, with demat accounts now unfrozen. The company is currently compliant with all SEBI regulations.
Although the company incurred regulatory fines and faced temporary freezing of promoters' demat accounts, these issues have been resolved through timely appointments of directors and payment of penalties. The compliance status going forward is positive, which should reassure investors about the company's governance standards.