Annual Secretarial Compliance Report for the year ended 31st March, 2025 - Revised
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Bilcare Limited has submitted a revised Annual Secretarial Compliance Report for FY 2024-25 to BSE, as required under SEBI LODR Regulation 24A. The Practising Company Secretary confirmed overall compliance with SEBI regulations, though noted two minor delays of 1 working day each — one in filing the Corporate Governance Report for Q2 FY25 and another in the newly introduced Integrated Governance filing for Q3 FY25. The report also mentions older delays of under 2 minutes in disclosing board meeting outcomes for FY 2022-23, which were previously flagged. The company paid a penalty of Rs 2,00,000 under protest to SEBI related to an Adjudication Order dated 30 May 2024. Additionally, Bilcare Mauritius Limited has been liquidated, with its investments in subsidiaries transferred to Bilcare Limited. Caprihans India Ltd remains the only material subsidiary. No dividend was declared during the year.
No major negative impact expected. The delays are minor and the SEBI penalty was already paid and disclosed. Shareholders should note the liquidation of the Mauritius subsidiary and consolidation of overseas holdings, which may simplify the group structure going forward.