Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ....
BHARATGEAR · price
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Bharat Gears Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25 to BSE and NSE, as required under SEBI's listing regulations. The report, prepared by TVA & Co. LLP, flagged one non-compliance during the year: the appointment of Ms. Kavita Jha as a Woman Independent Director was delayed by 42 days after the previous director's tenure ended in August 2024. The company stated the delay was due to difficulty in finding a suitable candidate, and noted that the Board composition remained appropriate at the start and end of the relevant quarter. A previous non-compliance from FY2022-23 about the composition of the Nomination and Remuneration Committee was also highlighted — NSE imposed fines totalling about Rs. 3.11 lakh, which the company has paid and filed a waiver application for, with the decision still pending.
This is a routine annual compliance disclosure with no significant impact on shareholders or the stock price. The flagged issues are minor governance lapses that have already been rectified, and no new penalties were imposed during FY2024-25.