Submission of the Annual Secretarial Compliance Report for the Financial Year Ended 31st March, 2025
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Balaji Amines has filed its Annual Secretarial Compliance Report for FY25, confirming overall compliance with SEBI regulations, the Companies Act, and related circulars. The report flagged one deviation during the year — a 19-day delay in disclosing under Regulation 30 the receipt of an order from the Joint Director General of Foreign Trade (DGFT), Pune. The company initially did not view DGFT as a regulatory body but later obtained an expert opinion and made the disclosure; no penalty was imposed by the exchanges. A prior-year observation (Rs. 94,400 fine by BSE and NSE for delayed Q1FY24 results submission in September 2023) has been remediated, with the fine paid. The company is compliant on all other areas including secretarial standards, insider trading, related party transactions, website disclosures, and director eligibility.
This is a routine annual compliance submission. The flagged DGFT disclosure delay is minor — no fine was levied and the issue was self-corrected. For shareholders, the report shows no serious governance red flags, though investors may note the company's initial interpretation gap on DGFT's regulatory status.