Secretarial Compliance Report Pursuant Regulations 24A (2) of the SEBI (LODR) Regulations, 2015 for the financial year ended March 31, 2025
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Clio Infotech Ltd has filed its Annual Secretarial Compliance Report for FY ending March 31, 2025, certified by Practicing Company Secretary Shubhangi Agarwal. The report flags several compliance lapses: late filing of the shareholding pattern for Q1 FY25 (fine of Rs. 4,720), late filing of the corporate governance report for Q1 FY25 (fine of Rs. 4,720), and failure to appoint a Compliance Officer within three months of the vacancy (fine of Rs. 76,700). Additional issues included late XBRL filings, related party transaction disclosures not filed on the same day as results, and delayed dissemination of documents on the website. All BSE fines, totaling about Rs. 86,140, have been paid by the company. Statutory auditor M/s S D Mehta & Co. resigned effective August 14, 2024, having issued the limited review report for Q1 FY25 before resigning.
Multiple regulatory penalties and governance lapses, especially the prolonged Compliance Officer vacancy, may raise governance concerns among investors despite the fines being paid. The auditor resignation and repeated filing delays could weigh negatively on sentiment for this small-cap stock.