We hereby Submitting the Annual Compliance Report for the Year Ended 31st March, 2026
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Crystal Business System Limited (formerly Sadhna Broadcast Limited) has submitted its Annual Secretarial Compliance Report for FY 2025-26, as required under SEBI Regulation 24A. The report, issued by Practicing Company Secretaries M/s V Kumar & Associates, identifies multiple compliance deviations during the review period. Key non-compliances include delayed disclosure of a material event related to a SEBI order (beyond the 24-hour timeline), non-submission of Statement on Impact of Audit Qualifications in the prescribed XBRL format, and incomplete financial results filing for Q4 FY2024. The company received advisory letters and query mails from BSE, and a fine of Rs 1,378 from MSEI (later withdrawn). Additionally, SEBI has passed a Final Order against the company regarding stock recommendations using YouTube in the scrip; the company has filed an appeal against this order before SAT.
The company has shown a pattern of regulatory non-compliances, particularly around timely disclosures and regulatory filings. While most previous non-compliances have been rectified, the pending SEBI Final Order (currently under SAT appeal) remains a significant regulatory concern for investors.