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Awaiting price reaction for this filing.
Bhilwara Spinners Ltd filed its Annual Secretarial Compliance Report for FY 2024-25, as required by SEBI's listing rules. Practicing Company Secretary R K Jain & Associates reviewed the company's compliance with various SEBI regulations and found the company largely compliant. However, some lapses were flagged: delayed submission of board meeting outcome minutes (5 minutes late on 11.11.2024), delayed filing of the FY24 Annual Report, and failure to submit a quarterly compliance certificate for the Structured Digital Database (SDD) for Q4 FY24. The company's website is also being updated. A previous BSE fine of Rs. 82,000 plus Rs. 14,760 GST for delayed filing of the Q1 FY24 Corporate Governance Report has already been paid by the company.
For shareholders, this is a routine compliance filing, but it reveals recurring delays in regulatory submissions and a past fine for late filing. While the issues are administrative rather than financial, repeated lapses could attract further regulatory scrutiny or penalties from BSE.