Asahi Songwon Colors Limited informed the Exchange of Annual Secretarial Compliance Report for the financial year ended March 31, 2026
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Asahi Songwon Colors Limited has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, prepared by Practicing Company Secretary M/s Shyamsingh Tomar & Associates. The report covers compliance with multiple SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories regulations. The secretarial auditor found the company compliant across all major areas — secretarial standards, board composition, related party transactions, insider trading norms, website disclosures, and document preservation. However, the report flags a new non-compliance: the company failed to meet Regulation 17(1) board composition requirements during the period February 11, 2026 to March 30, 2026. A prior period non-compliance (Regulation 17(1) for Q2 and Q3 FY2025) was also noted, for which the company had already paid penalties to both NSE and BSE.
The company is largely compliant but the fresh non-compliance with board composition norms (Regulation 17(1)) for the period ending March 2026 is a concern and may attract regulatory attention or fines, adding risk for investors ahead of the new financial year.