Clenon Enterprises Limited has submitted the Annual Secretarial Compliance Report for the financial year ended March 31, 2026 issued by M/s. Pawan Jain & Associates, Practicing Company Secretaries.
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Clenon Enterprises Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by Pawan Jain & Associates. The report identifies one key non-compliance: the company's Minimum Public Shareholding (MPS) fell to 7.14% against the required 25%, following the implementation of its Resolution Plan and shares being held under a temporary ISIN. BSE imposed a fine of Rs. 5,42,800 for this violation. However, the company has since rectified this by allotting 23,25,000 equity shares to strategic investors, achieving 26.88% public shareholding (compliant). The company also faced a previous-year issue where financial statements for September 2024 were filed with errors, resulting in a Rs. 64,900 SOP fine that was paid in March 2026. A new wholly-owned subsidiary, Clenon Properties Private Limited, was incorporated in January 2026.
The company has resolved its MPS non-compliance after receiving listing and trading approvals in April 2026, achieving 26.88% public shareholding. While a fine of Rs. 5,42,800 was imposed and promoter shareholding was frozen by BSE, the compliance issue has been addressed, which is positive for shareholders.