Submission of Annual Secretarial Compliance Report for the Financial Year 2024-25.
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ATVO Enterprises has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's listing rules. The report flagged one non-compliance: the company did not publish its financial results and shareholder meeting notices in newspapers (Regulation 47 of SEBI LODR), citing financial constraints and cost-cutting, with no fine imposed. The previous statutory auditor, M/s. S.N. Kabra & Co., resigned effective September 5, 2024 because their peer review certificate had lapsed and renewal was uncertain, and the new auditor M/s. Naresh Maheshwari & Co. (FRN 007113C) has been appointed, though their own peer review certificate is still pending ICAI approval. The company reported delayed entries in its insider trading designated software due to technical issues, but overall most compliance areas — secretarial standards, policies, website disclosures, director eligibility, related party transactions, and event disclosures — were marked as complied.
No monetary penalties were levied, but the newspaper publication lapse and unresolved peer review certification for the new auditor could draw regulatory scrutiny and reflect weak governance practices, which may concern retail investors watching compliance quality.