Annual Secretarial Compliance Report for the year ended on March 31, 2026
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Bhagawati Gas Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 with BSE. The report, issued by Practicing Company Secretaries M/s ATCS & Associates, identifies 12 compliance deviations during the year, all resulting in NIL fines with only PCS Advisory notices issued. Key deviations include: incomplete dematerialization of promoter shareholding, board composition non-compliance due to lack of Independent Directors, delayed financial results filing due to a technical glitch, incomplete website maintenance, delayed XBRL filings due to unavailability of BSE login credentials, and improper maintenance of Structured Digital Database for insider trading compliance. The company was also delisted from BSE during the year but has since been relisted. All deviations have been subsequently rectified, and as on date, the company reports being in compliance with all applicable SEBI regulations.
The report shows governance and compliance gaps during FY 2025-26, though all issues have been resolved with no monetary penalties. For shareholders, the relisting on BSE and subsequent compliance with board composition and disclosure requirements is a positive development, though historical compliance issues may warrant monitoring.