The Belrise Industries Limited has submitted to the exchange Annual Secretarial Compliance Report for the financial year ended March 31, 2026.
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Belrise Industries has submitted its Annual Secretarial Compliance Report for FY 2025-26, prepared by CS Makarand Lele & Co. The secretarial auditor confirmed overall compliance with SEBI regulations but flagged 3 exceptions in Annexure I: (1) the company could not appoint an Independent Director on the board of its Dubai-incorporated material subsidiary due to local laws not requiring a Board of Directors, (2) there was a minute-long delay in submitting the FY2025 Annual Report under Regulation 34, and (3) the company did not properly maintain its Structured Digital Database (SDD) in compliance with SEBI Insider Trading Regulations. Annexure II confirms BSE/NSE levied a fine for the delayed annual report filing, which the company has since paid and complied with the requirement.
Minor compliance issues flagged — the fine for the delayed annual report has been paid, but the SDD non-compliance and the Dubai subsidiary independent director gap could attract further regulatory scrutiny if not addressed in the coming periods.