Annual Secretarial Compliance Report for the year ended on 31.03.2025.
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Axis Solutions Ltd submitted its Annual Secretarial Compliance Report for the year ended 31 March 2025, certified by Practicing Company Secretary Mr. Utkarsh Shah. The company reported compliance (YES) across most areas, including Secretarial Standards, board policies, website disclosures, director eligibility, document preservation, performance evaluation, related party transactions, and timely event disclosures. One non-compliance was flagged under SEBI Prohibition of Insider Trading regulations — the company installed the required SDD software, but inspection by BSE is still pending. No material subsidiaries exist and no SEBI or stock exchange actions were taken against the company. The report also notes that the company was previously under the Insolvency and Bankruptcy Code, with NCLT approving its Resolution Plan in July 2024, followed by NCLAT approving the merger of Axis Solutions Pvt Ltd into the listed entity. Trading in the company's shares remains suspended as the resolution plan terms are still being processed.
This is a routine annual compliance filing with no major penalties or actions disclosed. Shareholders should note the pending insider trading software inspection by BSE and that share trading continues to remain suspended pending completion of the resolution plan process. The successful resolution plan approval and merger scheme are positive structural milestones for the company going forward.