Please find enclosed herewith Annual Secretarial Compliance Report for the financial year 2025-26.
ASAHIINDIA · price
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Asahi India Glass Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, prepared by SKP & Co., Company Secretaries. The report shows the company has complied with all SEBI regulations during the review period. One prior non-compliance was noted: the Board was temporarily short of one Independent Director in FY 2024-25, violating Regulation 17(1)(b) of SEBI (LODR) Regulations. This resulted in a combined fine of Rs. 16,80,000 (Rs. 8,40,000 each from BSE and NSE, excluding GST). The company subsequently appointed an Independent Director on December 16, 2024, reconstituting the Board in compliance with regulations. All other areas including secretarial standards, policies, website disclosures, director qualifications, related party transactions, and insider trading norms show full compliance.
The company has resolved its previous board composition non-compliance and is now fully compliant. The fine imposed was a one-time regulatory penalty, unlikely to have lasting impact on investor sentiment as the governance issue has been rectified.