Submission of Annual Secretarial Compliance Report of the Company for the financial year ended March 31, 2025.
AXITA · price
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Axita Cotton Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI (LODR) Regulations. The report, issued by PRT & Associates, confirms the company generally complied with applicable SEBI regulations, secretarial standards, and listing requirements. Two minor lapses were flagged: a delay in disclosing the record date for a dividend via email dated September 13, 2024, and a delay in ensuring the required time gap between two record dates via email dated October 14, 2024. Both BSE and NSE levied fines of Rs. 11,800 each (including GST) for these delays. The company has since paid the fines, strengthened internal compliance processes, and improved its UPSI tracking system to address a prior-year observation.
The fines are minor (around Rs. 47,200 total across both exchanges) and unlikely to materially affect shareholders. The filing reflects routine regulatory housekeeping rather than any serious governance concern, though it signals the company needs sharper disclosure timelines.