Annual Secretarial Compliance Report For The Financial Year Ended 31st March 2025.
AUTOAXLES · price
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Automotive Axles Ltd filed its Annual Secretarial Compliance Report for FY ending March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary confirmed overall compliance with SEBI regulations, secretarial standards, and listing requirements. Three minor disclosure delays were noted: a 2-day delay in reporting the resignation of DGM-Plant Head (Mr. Maddala Rishikesh), a 6-day delay in reporting resignation of another senior manager (Mr. Nikhil Prabhu V), and an 8-day delay in disclosing a Rs.57,650 differential custom duty payment with interest and penalty. A previous-year contra trade violation by a Designated Person resulted in Rs.8,489 in profit being disgorged to the IEPF investor fund. No action was taken by SEBI or stock exchanges against the company.
Minor compliance gaps with small monetary penalty (Rs.57,650) and procedural delays — none of which triggered SEBI action or stock exchange penalties. No material impact on shareholders; the company has pledged to strengthen internal reporting processes.