Annual Secretarial Compliance Report for FY ending 31st March, 2025
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Banas Finance Ltd has submitted its Annual Secretarial Compliance Report for FY25, reviewed by Practicing Company Secretary Hemanshu Rohit Upadhyay of HRU & Associates. The company was found compliant on all 13 key checks, including Secretarial Standards, board policies, website disclosures, director qualifications, related party transactions, insider trading norms, and event disclosures. No action, advisory, fine, or show-cause notice was issued by SEBI or the stock exchanges during FY25. A prior non-compliance from FY24 — a one-day delay in XBRL filing of related party transactions for the quarter ended 30 September 2023 — was noted, for which BSE had levied a penalty of Rs. 5,000 + GST (Rs. 5,900), already paid by the company.
The clean compliance report with no new regulatory actions is a mildly positive signal for governance, though the prior FY24 penalty of Rs. 5,900 (already settled) is immaterial to financials. Retail investors can take comfort that no fresh SEBI or exchange-level concerns were raised against the company, its promoters, or directors during the year.