Annual Secretarial Compliance Report for the FY 2024-25
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Coromandel Engineering Company Limited has submitted its Annual Secretarial Compliance Report for FY 2024-25 to BSE, as required under SEBI's Listing Regulations. The report, issued by Practicing Company Secretary Vidhya Sivakumar, confirms the company is largely compliant with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and corporate governance requirements. However, one non-compliance was flagged: the company delayed submitting the Statement on Impact of Audit Qualification, leading to a BSE-imposed fine of Rs. 1,05,000 (excluding GST). The company subsequently filed the statement on 11th April 2025 and paid the fine on 2nd July 2024, and has applied for a waiver (Case No. 205405) which is still pending with BSE.
Minor governance flag for shareholders — a single late filing led to a relatively small penalty (Rs. 1.05 lakh) and the company is contesting it via a waiver request. No major compliance failures or business impact reported; overall governance standards remain intact.