attaching herewith Annual Secretarial Compliance Report for Year ended on 31st March, 2025
CONFIPET · price
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Confidence Petroleum India has filed its Annual Secretarial Compliance Report for FY2024-25, confirming overall compliance with SEBI LODR regulations. Two non-compliances were flagged during the review period: a delay in submitting Q4 FY24 (March 31, 2024) financial results, attracting a fine of Rs. 1,00,000; and a delay in applying for trading approval without the required Lock-in Certificate, leading to an original penalty of Rs. 28,60,000 that was reduced to Rs. 7,20,000 after a waiver application (already paid). From previous year observations, a prior appeal in SAT reduced a Rs. 21,15,000 (BSE) fine on delayed submission of Impact of Audit Report (FY ending March 31, 2022) to Rs. 5,05,000, with the matter still under process. The company has no material subsidiaries and is compliant on secretarial standards, policies, related-party transactions, insider trading, and website disclosures.
Minor governance lapses around filing deadlines and documentation led to monetary penalties, all of which have been settled or are under appeal. For shareholders, this is a routine regulatory filing with no material business impact, though repeated delays in compliance may warrant cautious observation of the company's disclosure practices.