Annual Secretarial Compliance Report for the year ended March 31, 2025.

Benares Hotels (part of the Taj Hotels group) filed its Annual Secretarial Compliance Report for FY25, reviewed by Arvind Kohli & Associates. The report flags four instances of non-compliance with SEBI's Listing Rules during the year, all stemming from the exit of Independent Director Mrs. Rukmani R Gohil on August 27, 2024, and the gap before her replacement was appointed. Specifically, the Board lacked a woman director, and the Nomination & Remuneration Committee and Stakeholders Relationship Committee fell short of the required three members for several months. BSE imposed a total penalty of Rs. 10,00,640, which has been paid, with the company also applying for a waiver. Additionally, 22,550 promoter shares (1.73%) remain in physical form instead of dematerialized. By January 2025, Ms. Anita Belani was appointed as Independent Director, and as of March 31, 2025, the company confirms it is back in full compliance.