Annual Secretarial Compliance Report for the financial year ended March 31, 2025
AURIONPRO · price
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Aurionpro Solutions has filed its Annual Secretarial Compliance Report for FY2024-25, certifying overall compliance with SEBI regulations. The company was non-compliant with Regulation 17(1)(b) of SEBI LODR regarding board composition — independent directors were not half of the board — following the retirement of Dr. Mahendra Mehta as Independent Director on September 29, 2024. To rectify this, Mr. Ajay Kumar Choudhary was appointed as Independent Director on November 11, 2024, restoring compliance. The company paid fines of Rs 17,700 each to BSE and NSE for the September 2024 quarter and Rs 3,48,100 each for the December 2024 quarter. All other compliance areas including secretarial standards, policies, website disclosures, director disqualification, related party transactions, insider trading, and event disclosures were found compliant.
The non-compliance was a temporary gap caused by an unexpected director retirement and was quickly fixed. The fines are relatively small compared to the company's size, so the financial impact is limited. No other governance or compliance concerns were flagged, suggesting overall sound governance for shareholders.