Reg 24(A) Annual Secretarial Compliance Report
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BCL Industries has submitted its Annual Secretarial Compliance Report for FY24-25, certified by M/s S. Parnami & Associates, Practicing Company Secretaries. The company is largely compliant with SEBI regulations on secretarial standards, related party transactions, insider trading, website disclosures, and subsidiary disclosures. Two compliance lapses were flagged: (1) a SEBI show cause notice for violation of Regulation 31(4) of LODR read with ICDR and Insider Trading Regulations, settled with the company paying Rs 14.30 lakh and its Managing Director paying Rs 28.60 lakh in settlement charges; and (2) a one-day delay in filing related party transaction details (May 23, 2024 instead of May 22, 2024), attracting a Rs 5,000 plus GST penalty from both BSE and NSE. No additional non-compliances were observed during the review period.
These were minor procedural lapses already settled and disclosed previously in the FY23-24 Secretarial Audit Report. The company states the SEBI settlement order is not expected to have any material financial impact, suggesting limited near-term effect on shareholders or stock price.