Annual Secretarial Compliance Report - FY 2025-26
AXISCADES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Axiscades Technologies has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by BMP & Co. LLP. The secretarial auditor has confirmed that the company largely complied with SEBI regulations, Secretarial Standards, and corporate governance norms. One deviation was noted: the Board had only 5 Directors instead of the required 6 from August 23, 2025 to March 25, 2026, violating Regulation 17(1) of SEBI LODR Regulations. BSE and NSE each levied a fine of Rs. 2,30,100, which the company paid. Mr. Giridhar Aramane was appointed as an Additional Independent Director on March 26, 2026, restoring the Board to 6 members. All other requirements including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms were found compliant.
The board composition shortfall has been rectified with the appointment of a new independent director. While the fine was minor relative to company size, the compliance gap persisted for about 7 months. Shareholders can note that governance standards are otherwise maintained with no additional non-compliances observed.