Annual Secretarial Compliance Report for the Financial Year ended 31st March 2025
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CAMS has submitted its Annual Secretarial Compliance Report for FY2024-25 as required under SEBI LODR Regulation 24A, certified by Practicing Company Secretary B Chandra (dated 5 May 2025). The report confirms the company complied with key SEBI regulations including Listing Obligations, Insider Trading, Takeover, Share-Based Employee Benefits, and Issue of Capital rules. All 13 additional affirmations (secretarial standards, website disclosures, director disqualification, related party transactions, board evaluations, etc.) returned compliant status, and no adverse actions were taken by SEBI or the stock exchanges during the year. The report references Annexure A pointing to a few observations, mainly relating to ESOP stock options granted to employees of wholly-owned subsidiaries not being reported to the stock exchange, and certain related-party transactions with subsidiary employees not being placed before the Audit Committee as RPTs. An advisory is also noted regarding a filing under Reg 31A that was submitted in an incorrect location, causing a delay.
A clean compliance certificate with no SEBI or exchange penalties is broadly positive for shareholders, reinforcing CAMS's track record on corporate governance. However, the flagged observations around subsidiary ESOP and RPT reporting lapses are minor technical/scope issues rather than financial concerns, and are unlikely to materially affect the stock price.