Compliance of regulation 24(A)-Annual Secretarial Compliance report for the period ended March 31,2026
Awaiting price reaction for this filing.
AVI Polymers Limited has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, with BSE. The report, issued by SCS & Co. LLP, confirms the company has largely complied with applicable SEBI regulations including LODR, ICDR, and PIT regulations. However, the secretarial auditor flagged four instances of delayed submissions: (1) Shareholding Pattern for Q1 FY26 (due June 2025, submitted August 2025), (2) Structural Digital Database Certificate for Q4 FY25, (3) XBRL filing for Company Secretary appointment, and (4) XBRL filing for Statutory Auditor appointment. Management has stated these delays were inadvertent and has taken corrective measures including implementing SDD software to prevent recurrence. Statutory auditor S.K. Bhavsar & Co. resigned during the year and was replaced.
The compliance delays are minor procedural issues with no enforcement actions taken by SEBI or stock exchanges. Management's corrective actions are positive, but repeated filing delays may attract regulatory scrutiny if they recur in FY27.