Submission of Annual Secretarial Compliance Report for the year ended 31st March, 2026
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Bharat Global Developers Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26 as per SEBI LODR Regulation 24A. The report reveals multiple compliance issues: (1) Delays in Board meeting intimation, Annual Report submission, and Quarterly Financial Results; (2) BSE has levied cumulative fines of Rs. 62,540 for these delays, none of which have been paid; (3) SEBI issued an interim order against the company in December 2024 and suspended trading, though suspension was later revoked in March 2025; (4) SEBI investigation is ongoing with final order awaited; (5) Statutory Auditor KM Chauhan & Associates resigned on July 4, 2025, and the company has not filed form ADT-1 for the replacement; (6) Form DIR-12 for regularization of Director Mr. Ketan Chavda remains unfilled.
The company faces regulatory scrutiny from SEBI with pending fines and an ongoing investigation. Unpaid regulatory fines and incomplete filings indicate governance concerns that could deter investor confidence. The revoked trading suspension is a positive, but pending SEBI final order adds uncertainty.