Annual Secretarial Compliance Report for Financial Year 2025
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AVG Logistics has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI Listing Regulations. The Practicing Company Secretary confirmed compliance on most parameters including secretarial standards, policies, website disclosures, related party transactions, insider trading, and performance evaluation. However, the company was fined Rs. 2,00,000 (plus GST) by NSE and BSE for not giving prior intimation of a change in the rate of dividend under Regulation 29 of SEBI LODR. A prior-year issue from 2024 — delayed filing of audited financial results by 4 days — carried a fine of Rs. 20,000 (plus GST), which was paid. Separately, a broker of an erstwhile director executed an unintentional contrade in the company's shares; the resulting profit has been deposited with the SEBI IPEF, and the matter is pending before the High Powered Advisory Committee.
The fines are relatively small and already paid, but the dividend-related intimation lapse reflects a procedural governance gap. The contrade matter involving an erstwhile director's broker is still under SEBI review, which keeps a minor regulatory overhang on the stock.