Please find enclosed Annual Secretarial Compliance Report for the year ended March 31, 2025.
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Artemis Electricals submitted its Annual Secretarial Compliance Report for FY25 to BSE, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary flagged multiple instances of delayed submissions during the year, attracting BSE fines totaling around Rs 4.82 lakh (including GST): Rs 23,600 for late quarterly results (April 2024), Rs 1.46 lakh for late secretarial compliance report, Rs 3 lakh for delayed financial results, and Rs 11,800 for late intimation of a board meeting — all paid by the company. Prior year non-compliances have also been rectified with fines paid. The company changed its statutory auditor during the year, replacing M/s LLB & Co with M/s Agarwal Tibrewal & Co from December 12, 2024. Other compliance areas such as insider trading, related party transactions, website disclosures, and secretarial standards were found satisfactory.
Investors should note that the company has a pattern of missing filing deadlines, which has resulted in repeated regulatory penalties. While the fines are small in absolute terms, the repeated lapses raise governance concerns, though the company has since paid all dues and remedied prior issues.