Attached Secretarial Compliance Report issued by Ms Ankita Goenka (FCS 10572), Practicing Company Secretary for the Financial year ended 31.03.2025
BLUECHIP · price
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Blue Chip India Ltd has submitted its Annual Secretarial Compliance Report for FY ended 31 March 2025, as required under SEBI Regulation 24A, certified by Practicing Company Secretary Ms. Ankita Goenka. The report flags several compliance gaps: the Board performance evaluation was not completed during the year, the company website needs updation, and one director (Sahil Sharma, DIN 08426733) had his DIN deactivated due to non-filing of DIR-3 KYC. Multiple SEBI/BSE fines were levied and paid during the year — Rs 67,260 for non-appointment of a qualified Company Secretary and delayed related-party transaction disclosure, Rs 5,900 for late financial results (June 2024 quarter), and Rs 4,920 for delayed shareholding pattern submission. SEBI also issued an administrative warning regarding the appointment of Suruchi Jain as Non-Executive Director. The statutory auditor was changed from M/s Deoki Bijay & Co to M/s Agarwal Sanganeria & Co upon expiry of the former's term.
While the report shows the company is broadly compliant, the repeated fines, pending performance evaluation, and multiple late filings point to weak governance discipline and compliance culture. This may concern investors monitoring governance quality, though the fines paid are small relative to typical company operations and no major legal action is pending.