Annual Secretarial Compliance Report FY 2024-25
ASALCBR · price
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The company filed its Annual Secretarial Compliance Report for the financial year ended 31st March 2025, prepared by K. Arun & Co., Company Secretaries, as required under SEBI LODR Regulation 24A. The report confirms overall compliance with SEBI regulations, including maintenance of a functional website, adoption and timely review of all required policies, performance evaluation of the Board, and compliance with insider trading norms. None of the directors are disqualified under Section 164 of the Companies Act, 2013. However, the Stock Exchanges levied fines on the company during the year for non-compliance with Regulation 17(1) & (2), Regulation 20(2) & 20A, and Regulation 77(7A) of SEBI LODR Regulations, 2015. No other material non-compliance was observed for the review period.
While the company is broadly compliant, the fines levied by stock exchanges for board composition, investor communication/voting, and share transfer-related lapses point to governance weaknesses that retail investors should monitor. These penalties are a mild negative signal on governance quality but are not severe enough to materially affect the stock price.