Kindly find enclosed herewith the Annual Secretarial Compliance Report for the year ended 31st March, 2025
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Chemtech Industrial Valves Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI's Listing Regulations. The Practicing Company Secretary reviewed the company's filings, website, and records, and found it largely compliant with SEBI rules, secretarial standards, insider trading norms, and corporate governance requirements. Six minor deviations were flagged, all relating to BSE clarification queries on shareholding pattern discrepancies, non-submission of declaration of unmodified opinion, and a missing reference to the Stakeholders Relationship Committee meeting. All issues were resolved with the company providing explanations, with no fines imposed and BSE closing each query. The report also notes a preferential issue on 1 October 2024 and conversion of 10 lakh warrants into equity shares on 25 February 2025, explaining the shareholding pattern shifts.
No material negative impact for shareholders — all compliance lapses were procedural, promptly corrected, and carry no penalties. Investors should note the equity expansion through the preferential issue and warrant conversion, which increases the total share count and may dilute existing holdings.