Announced Fri, 30 May · 23:50 IST

Annual Secretarial Compliance Report for the FY 2024-25

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Basant Agro Tech (India) Ltd submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, prepared by practicing company secretary Nitesh Chaudhary & Associates. The report flags non-compliance with SEBI's Prohibition of Insider Trading Regulations (Reg. 3(5) & 3(6)), as the company's SDD (Structured Digital Database) software failed, its data backup was lost, and all prior entries had to be re-entered on April 16, 2025. Additionally, BSE imposed a penalty of Rs. 11,800 (including GST) for not mentioning the 8% dividend declaration in the board meeting intimation dated May 15, 2023 — this fine has since been paid. The report also notes that the company's website is not working and that web-links in its corporate governance report are inaccurate. Most other compliance areas — secretarial standards, related-party transactions, event disclosures, director eligibility, and performance evaluation — are reported as satisfactory, with no new SEBI or stock exchange actions during the year.

Likely market impact

The flagged issues are largely procedural and minor in nature. The penalty is small and already settled, and the SDD software problem has been remedied. There is no material adverse action against the company, so impact on shareholders or stock price is limited.