Annual Secretarial Compliance Report for the financial year 2025-26 issued by M/s N L Bhatia & Associates.
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Candour Techtex Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by M/s N L Bhatia & Associates. The company largely complied with SEBI regulations but faced three compliance delays: (1) delayed submission of listing certificate for equity shares allotted on preferential basis to M/s Mangal Keshav Capital Limited, resulting in a total fine of Rs 9 lakh (Rs 1 lakh penalty plus Rs 8 lakh excluding taxes), which was paid; (2) delayed appointment of Company Secretary due to inability to find a suitable candidate, fined Rs 16,000 by BSE and MSEI, which was paid; and (3) delayed filing of Related Party Transaction due to technical difficulties, fined Rs 1.30 lakh by MSEI but subsequently quashed. The company had previously received a fine of Rs 16,520 for delay in CS appointment. All other compliance areas including secretarial standards, policies, website maintenance, related party transactions, insider trading regulations, and performance evaluations were found satisfactory.
Minor negative signal for governance quality. While all fines have been paid and the company appears fundamentally compliant, recurring delays in regulatory filings suggest weak compliance processes. Shareholders should monitor if the company strengthens its governance oversight, particularly for timely appointments and filing submissions.