Asahi Songwon Colors Limited has informed the Exchange about Annual Secretarial Compliance.
ASAHISONG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Asahi Songwon Colors Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. The report, prepared by Shyamsingh Tomar & Associates (Practicing Company Secretary), confirms the company has generally complied with SEBI regulations, circulars, and secretarial standards. However, a fine of Rs. 13,90,000 was levied by both NSE and BSE for delays in complying with Regulation 17(1) pertaining to board composition for the quarters ended September 30, 2024 and December 31, 2024 — this penalty has already been paid. A similar prior-year issue (delay in related party transaction disclosure under Regulation 29(9) for Sept 2023) was also noted, with the penalty already paid. The report confirms the company has one material subsidiary, all policies are adopted and updated timely, no director is disqualified, and no further SEBI or stock exchange actions were taken beyond the fines mentioned.
The disclosure is a routine regulatory compliance filing with no major new concerns — the key highlight is the Rs. 13.9 lakh fine already paid for board composition compliance delays, which is a minor governance lapse and unlikely to materially affect the stock price. Shareholders can take comfort from the clean compliance on other fronts including insider trading, related party transactions, and disclosures.