Pursuant to Regulation 24A SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed hereby Annual Secretarial Compliance Report for the Financial ....
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Competent Automobiles Company Ltd, an authorised Maruti Suzuki dealer based in New Delhi, has submitted its Annual Secretarial Compliance Report for FY 2024-25 to BSE, as required under Regulation 24A of SEBI LODR Regulations. The report, issued by M/s P.P. Agarwal & Co., Company Secretaries, confirms the company is largely compliant with SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements. However, two minor procedural lapses were flagged: the Stakeholder Relationship Committee lacked a Chairman for some time, and the detailed consolidated disclosure of Related Party Transactions was filed late. BSE imposed small fines of Rs 4,000 and Rs 5,000 (plus applicable tax) for these lapses, both of which have already been paid by the company. No action was taken against the company's promoters or directors during the review period.
This is a routine annual compliance filing with no material business impact. The fines are nominal (totalling around Rs 10,000) and have been settled. Shareholders should note the minor governance lapses around committee composition and RPT disclosure timing, but these do not signal any serious regulatory trouble or affect the company's operations.