Annual Secretarial Compliance Report for the year ended on March 31, 2025
BANSWRAS · price
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Banswara Syntex has filed its Annual Secretarial Compliance Report for FY2024-25, confirming overall compliance with SEBI Listing Regulations. Two minor deviations were flagged: (1) delayed shareholder approval for the continuation of Non-Executive Independent Director Mr. Narendra Kumar Ambwani (aged 75+), attracting a fine of Rs. 84,000 + GST from BSE and NSE, which has been paid; and (2) a one-day delay in filing related party transaction disclosures for H2 FY24 under Regulation 23(9), attracting a fine of Rs. 5,000 + GST, also paid. A prior-period issue regarding Independent Director Mr. David Vlerik's non-registration with the Independent Directors Databank led to a penalty of Rs. 3 lakh on the company and Rs. 1 lakh each on two whole-time directors from ROC Jaipur in July 2024, which has been deposited and the matter is closed. All other compliance items including Secretarial Standards, policies, website disclosures, insider trading rules, and board evaluations were reported as compliant.
These are routine regulatory disclosures with minor monetary penalties already paid and no material business impact. Shareholders can take comfort that the company is broadly compliant with listing requirements, though some procedural lapses in director-related approvals and filing timelines were noted.