Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2026 is enclosed.
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Axel Polymers Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, as required under SEBI Regulation 24A. The report, certified by Practicing Company Secretaries M/s. Devesh Pathak & Associates, confirms that the company is currently compliant with all applicable SEBI regulations, secretarial standards, and LODR requirements. The report acknowledges historical delays in filing quarterly compliance reports and annual reports dating back to FY 2013-14, for which the company paid fines totaling Rs. 67,260. A major fine of Rs. 78.28 lakh was imposed for delayed filing of quarterly compliance report for Q4 FY 2013-14, but BSE partially waived this down to Rs. 2,360 following the company's waiver application. No current non-compliances or additional violations were observed during the review period.
The filing shows the company is in good regulatory standing with no active violations. The historical fines have been settled, indicating past compliance issues have been addressed. This should be neutral to positive for investors as no ongoing concerns were raised by the secretarial auditor.