Annual Secretarial Compliance Report for the financial year ended 31st March, 2025
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Bilcare Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, reviewed by Ghatpande & Ghatpande Associates. The company was largely found compliant with SEBI Listing Regulations and related circulars during the review period. One minor delay was noted: the Integrated Governance filing for Q3 FY25 was submitted 1 working day late (filed 18/02/2025 vs due 14/02/2025), as it was the first-time submission of a newly introduced requirement. Some legacy delays from FY23 (outcome of board meeting reported late by a few minutes) were also flagged but not penalised further. The company paid a Rs. 2 lakh penalty to SEBI under protest related to an adjudication order dated 30/05/2024. Bilcare Mauritius Limited was liquidated, with its investments in subsidiaries transferred to Bilcare Limited.
No material concerns for shareholders — overall compliance is satisfactory with only minor procedural delays noted. The reported SEBI penalty was previously disclosed, and the restructuring of the Mauritius subsidiary simplifies the corporate structure.