Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026
AEPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Artemis Electricals filed its annual secretarial compliance report for FY 2025-26, certified by Practicing Company Secretary Ketan Vyas. The company reported 3 current-year non-compliances: a 31-day delay in appointing an Independent Director (Reg 17(1)), causing a fine of Rs 1.82 lakh, plus 2-day delays each in Corporate Governance Report submissions (Reg 27(2) and Reg 13(3)) with fines of Rs 4,720 and Rs 2,360 respectively. All three penalties have waiver applications pending with BSE. The company also disclosed remediation of 4 prior-year violations where fines totaling approximately Rs 4.83 lakh were already paid for delayed financial results and secretarial filings. The report confirms compliance with secretarial standards, insider trading norms, and no director disqualifications.
The repeated filing delays and pending fine waivers suggest governance weaknesses. The vacant Independent Director position for 31 days is a significant compliance lapse that could raise concerns among institutional investors. However, pending waiver applications may reduce financial impact if approved.