ASCR for the year ended on 31st march, 2025.
Awaiting price reaction for this filing.
Quasar India Limited has filed its Annual Secretarial Compliance Report for the financial year ending 31 March 2025, as required under SEBI's listing rules. The review was conducted by Jay Pandya & Associates, Practising Company Secretaries, and covers compliance with SEBI regulations, insider trading rules, related party transactions, and corporate governance standards. The company was largely found compliant across areas like secretarial standards, policy adoption, website disclosures, director eligibility, performance evaluation, and event reporting. One non-compliance was flagged: the company did not appoint a qualified Company Secretary as Compliance Officer within the time required under Regulation 6(1), leading to a BSE fine of Rs. 7,43,400. Management stated the appointment was made after the deadline and has sought a waiver of the penalty from BSE.
The BSE penalty of Rs. 7.43 lakh is a minor regulatory blemish but the waiver request and post-facto compliance suggest limited ongoing risk. Shareholders should note this governance lapse, though overall compliance with other SEBI requirements was satisfactory.