Submission of Annual Secretarial Compliance Report for the financial year ended 31st March, 2025.
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B&A Packaging India Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, reviewed by T. Chatterjee & Associates, Practicing Company Secretaries. The review covered compliance with the SEBI Act, SCRA, SEBI LODR Regulations and other applicable SEBI regulations. The report flagged one non-compliance: promoter and promoter group shareholding is not 100% in dematerialized form, as required under Regulation 31(2) of SEBI LODR. As remedial action, the company issued 27,50,500 equity shares of Rs. 10 each (55.44% of total issued share capital) to its holding company, though their listing on BSE is still pending. Additionally, a casual vacancy arose because the existing auditor M/s. Ghosal, Basu & Ray merged with M/s. SBA Associates Chartered Accountants, who were then appointed as statutory auditors until the next AGM, with Regulation 30 disclosure complied with. No action was taken by SEBI or stock exchanges against the company during the review period.
Mostly a routine compliance filing with no major red flags — the company is broadly compliant with SEBI regulations. Shareholders should note the pending BSE listing of the 27,50,500 shares issued to the holding company and the change in statutory auditor due to a firm merger, though neither carries immediate negative implications for stock price.