Annual Secretarial Compliance Report for the year Ended 31 March, 2026.
ASHAPURMIN · price
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Ashapura Minechem Ltd has submitted its Secretarial Compliance Report for FY 2025-26 under SEBI Regulation 24(A). The report confirms general compliance with SEBI regulations but notes one violation: the company paid a Rs. 2 lakh penalty imposed by SEBI for non-compliance with Regulation 30(2) and 30(4)(i)(a) of LODR regarding disclosure requirements. Additionally, the report clarifies that previous non-compliance with Board constitution requirements (Regulations 17, 18, and 19) has been rectified and fines paid. The report also mentions two pending legal matters: a CBI case where the Karnataka High Court has suspended sentences pending appeal, and a Cargill International arbitration enforcement matter. Overall compliance status is positive with most checks marked as compliant.
The penalty paid (Rs. 2 lakhs) is relatively minor and has been settled promptly. Previous governance issues have been resolved. The ongoing legal cases are separate from operational compliance. This filing is largely routine and indicates the company is maintaining regulatory standards.