Please find the attached Annual secretarial Compliance report for the financial year ended 31st March, 2025
ASMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bartronics India submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, filed by Practicing Company Secretary M/s SI and Associates. The company was largely compliant with SEBI LODR regulations, except for two minor deviations noted in Annexure 1. First, under Regulation 29, the company did not give 2 working days advance notice for a fund-raising matter discussed in a Board meeting on August 14, 2024, and paid fines of Rs.10,000 + 18% GST each to BSE and NSE. Second, under Regulation 30 / Schedule III, it failed to disclose details of a strategic/technical/manufacturing tie-up arrangement, for which it provided clarification to the exchanges. Annexure 2 shows previously flagged issues from FY 2023-24 around late submission of quarterly results and Board composition were largely resolved, with BSE and NSE waiving most fines after the company clarified these stemmed from the March 2023 change in management following the NCLT-approved resolution plan. The company noted that non-functional foreign subsidiaries had their investments written off in Q1 FY2023-24, with closure proceedings underway.
This is a routine annual compliance disclosure with no major red flags. The two fresh non-compliances are minor, already penalized with small fines, and fully remediated. No significant stock price or shareholder impact expected.