Attached Annual Secretarial Compliance Report issued by Ms Ankita Goenka, PCS for the year ended 31.03.2025
Awaiting price reaction for this filing.
ATN International Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by Practicing Company Secretary Ms. Ankita Goenka, as required under SEBI LODR Regulation 24A. The company is largely compliant with SEBI regulations, but the report flags several observations: the company website was not fully updated, performance evaluation of the Board and Independent Directors was not conducted during the year, and three independent directors had not registered with the IICA Independent Directors Databank. A board meeting scheduled for 12 August 2024 was held on 16 August 2024 due to a search conducted at the company's premises. The company also received an NSE clarification query on its September 2024 Corporate Governance Report, which was resolved with a revised filing on 22 November 2024. Additionally, the statutory auditor was changed from M/s Deoki Bijay & Co to M/s Agarwal Sanganeria & Co due to term expiry (not resignation).
This is a routine annual compliance filing with no SEBI fines or penalties imposed, so direct stock price impact is limited. However, the multiple compliance gaps noted, especially the non-conduct of board performance evaluation and independent director databank registration, signal weak governance practices that retail investors should monitor.