Annual Secretarial Compliance Report issued by Practicing Company Secretary.
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Awaiting price reaction for this filing.
Bombay Wire Ropes Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25, submitted to BSE on 2 June 2025 as required under SEBI LODR Regulation 24A. The report, issued by Practicing Company Secretary Zankhana Bhansali, confirms the company generally complied with the Companies Act 2013, SEBI regulations, and other applicable laws during the year. However, the auditor flagged that the company has not appointed an Internal Auditor as required under Section 138 of the Companies Act, with management stating this is because the Directors handle internal audit duties and the company has limited activities. There were also minor delays in filing certain notices and intimations with BSE, for which the company paid penalties. During the year, Mr. Ashok Kumar Maroo was appointed as an Additional Non-Executive Independent Director, with no other changes to the board.
No major red flags for shareholders — the company is broadly compliant with listing rules. The missing Internal Auditor appointment and past filing delays are minor governance lapses, but both have been acknowledged and explained. Unlikely to materially affect stock price or shareholder value.