Annual Secretarial Compliance Report for the year 2025-26
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cressanda Railway Solutions Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, conducted by Practicing Company Secretary Mehul K. Raval. The report documents several compliance deviations during the review period: (1) A 62-day delay in submitting audited financial results for FY 2024-25 (due May 30, 2025; submitted July 31, 2025), with an overall penalty of Rs. 3,60,000 imposed by BSE — unpaid as of filing. (2) Incorrect XBRL filing classification (Half-Yearly instead of Quarterly) for Q2 FY26. (3) Cashflow statement data mismatch in XBRL filing for Q2 FY26. (4) A 2-day delay in related party transaction disclosure for H1 FY26 — Rs. 10,000 fine was paid. (5) Typographical error in corporate governance report regarding director classification — Rs. 1,82,000 fine unpaid. Critically, the report highlights an ongoing SEBI investigation (Order dated October 11, 2024) into alleged fictitious transactions, circular trading, and fund routing involving promoters and the Executive Director, with promoters barred from securities markets. The Company has filed an appeal with SAT, which has granted a stay order.
This filing reveals significant regulatory concerns — repeated filing delays, unpaid penalties, and an active SEBI investigation into alleged fraudulent activities (fictitious sales, circular trading, and fund misuse). Investors should be aware that promoters remain barred from the securities market pending investigation, and the company's compliance culture shows continued weaknesses in timely regulatory submissions.