Annual Secretarial Compliance Report for the year ended March 31, 2025.
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CMX Holdings Ltd (formerly SIEL Financial Services) filed its Annual Secretarial Compliance Report for FY ended March 31, 2025, through Practicing Company Secretary Shivam Sharma & Associates. The report flagged five non-compliances under SEBI's LODR Regulations during the review period: a Rs. 1,23,900 BSE fine for delayed filing of FY24 audited results; missed related-party transaction disclosure for Q2 FY25 (later filed on December 14, 2024); late submission of Q2/H1 FY25 unaudited results due to the delayed appointment of new statutory auditor S.K. Mehta & Co. (replacing S. Kothari Mehta & Co. after their 5-year term ended); late AGM notice and Annual Report dispatch caused by unavailability of certain board members; and delayed EGM voting results from an EGM held on December 4, 2024, caused by a technical error where the RTA entered incorrect credentials for the scrutinizer. Two prior-period BSE fines of Rs. 82,600 (FY23 results) and Rs. 5,900 (Q2 FY23 results) were also carried forward as unresolved observations.
Multiple compliance lapses, accumulating BSE fines (totaling over Rs. 2.13 lakh including carry-forward), and procedural breakdowns with the RTA point to weak governance and reporting discipline. The statutory auditor transition was a key trigger for delays, which may concern investors evaluating corporate governance quality in this small-cap stock.