Submission of Annual Secretarial Compliance Report for the year ended on 31.03.2025
BIGBLOC · price
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Bigbloc Construction Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25, issued by Dhirren R Dave & Co., Company Secretaries, as required under SEBI Regulation 24A. The company largely complied with SEBI LODR and other applicable regulations. However, Annexure-I lists six non-compliance instances: delayed disclosure of related party transactions (Reg 23(9)), late submission of Corporate Governance Report and supporting documents (Reg 30), a delayed bonus issue (Reg 295 of ICDR) implemented 7-8 days late for which NSE imposed a Rs. 1,88,800 fine and BSE imposed Rs. 1,65,200 (paid) plus Rs. 1,88,800 + Rs. 800 still pending, and missing web-link for Dividend Distribution Policy in the Annual Report (Reg 43A) with an unpaid Rs. 29,500 NSE fine. Annexure-II shows previous-year issues (late Annual Report submission, volume spike disclosures) for which the company still hasn't responded to exchange clarifications.
The filing exposes multiple unresolved regulatory lapses and unpaid penalties, signalling weak compliance posture. Repeated failure to respond to NSE/BSE clarifications on related-party transactions and event disclosures may draw further exchange action and weigh on investor confidence.