Annual Secretarial Compliance Report for FY2025-26
BHARATFORG · price
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Bharat Forge Limited has submitted its Annual Secretarial Compliance Report for FY2025-26 as required under SEBI Regulation 24A. The report by practicing company secretaries SVD & Associates confirms that the company largely complied with applicable SEBI regulations including insider trading norms, related party transactions, and disclosure requirements. One minor non-compliance was noted: a procedural delay in intimating the Record Date for interest payment on Non-Convertible Debentures (NCDs), which resulted in a fine of INR 11,800 from NSE. The company stated this was an inadvertent oversight in calculating the prescribed notice period, with no delay in actual interest payments to investors. The fine has been paid and internal processes strengthened. A previous compliance issue regarding Independent Director appointments (board composition) from September-December 2024 was also resolved, though the company's waiver request was rejected by exchanges.
This is a routine compliance filing with minimal shareholder impact. The minor procedural fine has been paid and does not affect business operations. No prejudice to investors was caused as all interest payments were made on time.