Submission of Annual Secretarial Compliance Certificate
CEREBRAINT · price
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The secretarial compliance report for FY ended March 31, 2026, prepared by Practising Company Secretary Parameshwar G Bhat, reveals multiple non-compliances. The company failed to maintain its website as per Regulation 46, had a 6-day delay in filing Q1 FY25 shareholding pattern (Regulation 31), submitted revised voting results late (Regulation 44), and did not maintain/updated its Structured Digital Database for insider trading (Regulation 3(5)) due to technical issues. Earlier issues from FY 2024-25 regarding board composition and committee reconstitution following the resignation of all Independent Directors in May 2024 have been largely addressed, though fines remain pending. BSE had levied a fine of Rs. 5,42,800 for non-compliance with board composition requirements (Regulation 17) across three consecutive quarters (June, September, December 2024), and trading was suspended. The compliance status for secretarial standards is marked as unsatisfactory, and website disclosures remain incomplete and outdated.
The company has significant governance compliance gaps. Pending fines and ongoing website non-compliance issues could attract further regulatory action from SEBI and stock exchanges. Investors should monitor the company's compliance remediation efforts, particularly the pending fine payments and SDD system updates.