Submission of Annual Secretarial Compliance Report for the financial year ended March 31 2025
BAGFILMS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
B.A.G. Films and Media Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI Listing Regulations. The report, issued by Practicing Company Secretary Balika Sharma & Associates, confirms the company largely complied with SEBI regulations, with two notable exceptions. Both related to board composition delays: Regulation 17(1) regarding the composition of the Board of Directors, attracting fines of Rs. 3,42,200 each from BSE and NSE, and Regulation 20(2)/(2A) regarding the constitution of the Stakeholders Relationship Committee, attracting fines of Rs. 1,36,880 each from BSE and NSE. The company has paid all these fines totaling about Rs. 9.54 lakh and stated the non-compliance was not wilful, with steps taken to ensure future compliance.
The fines are small relative to a listed company's operations and have already been paid, so the financial impact is minor. However, the repeated governance lapses around board composition may concern investors watching corporate governance standards, though management has acknowledged the issues and committed to compliance going forward.