Annual Secretarial Compliance Report for the financial year ended March 31, 2026
BORORENEW · price
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Borosil Renewables filed its annual secretarial compliance report for FY 2025-26, prepared by Dhrumil M. Shah & Co. LLP. The report covers compliance with SEBI regulations including LODR, ICDR, PIT, and others. Two non-compliances were flagged: (1) a 17-day delay in submitting Q1 FY26 consolidated financial results (due August 14, 2025, but filed September 3, 2025), caused by insolvency proceedings at step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH, resulting in monetary penalties of ₹1,00,300 each from BSE and NSE which the company paid after its waiver request was rejected; (2) a procedural lock-in violation on 870 shares in a preferential issue where the allottee traded during the lock-in period, prompting an advisory letter from NSE with no fine. The PCS noted these were isolated procedural lapses with no material impact on operations or listing status.
The violations were procedural and administrative in nature with no major financial or operational impact. Fines were already paid and the company has committed to stronger compliance controls going forward.