Annual Secretarial Compliance Report for F.Y. 2025-2026
BANARBEADS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Banaras Beads Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Practicing Company Secretary Ajay Kumar Jaiswal. The report states that the company has generally complied with applicable statutory provisions and maintains proper Board processes and compliance mechanisms. However, two compliance issues were flagged: (1) the company failed to file Form MGT-15 for FY 2024-25 within the prescribed timeframe due to persistent technical issues on the MCA portal, and (2) delayed filing of e-form BEN-2 under Section 90 of the Companies Act regarding significant beneficial ownership declaration. For the BEN-2 matter, the company has filed a writ petition in the Hon'ble High Court seeking relief against penalizing orders, and interim stay has been granted. Additionally, an ongoing issue from previous years regarding voluntary delisting application and freezing of promoter group demat accounts remains pending regulatory clarity. No deviations were found in SEBI regulations compliance, and all six directors are confirmed as not disqualified.
The report is largely positive with no major regulatory violations, though shareholders should note the pending High Court matter regarding beneficial ownership declaration and the unresolved voluntary delisting issue, which could have future regulatory or financial implications.