BSEChandrima Mercantiles LtdMinimalNeutral
Announced Mon, 25 May · 19:19 IST

Submission of Annual Secretarial Compliance Report for the FInancial Year ended on 31st March, 2026

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AI summary

Chandrima Mercantiles Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, examined by JayPandya & Associates, Company Secretaries. The report identifies one non-compliance: the company failed to properly document newspaper advertisement publication for financial results and stock exchange intimation under Regulation 47 of SEBI LODR for the year ended March 31, 2025. Management claims the advertisements were published but copies were inadvertently misplaced and they are retrieving archived copies from publication houses. The previous year's observation regarding delayed Company Secretary appointment was noted as addressed through delayed compliance and a fee waiver request to BSE. The company also reported a statutory auditor resignation effective November 14, 2025, stating compliance with prescribed procedures. Overall, the company was found compliant with most SEBI regulations examined.

Likely market impact

This filing reveals minor documentation and procedural compliance gaps. While management claims the newspaper advertisements were published, the inability to produce copies raises documentation control concerns. Shareholders should watch for any regulatory notices or fines from BSE regarding the Regulation 47 deviation. The prior compliance issue appears resolved.