Please find attached Annual Secretarial Compliance Report by Secretarial Auditor for the financial year ended March 31, 2025.
DALMIASUG · price
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Dalmia Bharat Sugar and Industries has submitted its Annual Secretarial Compliance Report for FY2025, audited by Vikas Gera & Associates, confirming overall compliance with SEBI regulations, listing rules, and secretarial standards. The report flagged two minor compliance issues: (1) a one-day delay in filing the Related Party Transaction disclosure for the half year ended March 31, 2024 with BSE due to a technical error, resulting in a Rs. 5,900 fine (the filing was on time with NSE); and (2) two related party transactions in Q4 FY25 that exceeded or were not covered by the existing omnibus approval of the Audit Committee — one by Rs. 27 lakh and another of Rs. 6 lakh — both of which were subsequently ratified. All other parameters — Secretarial Standards, board policies, website disclosures, director eligibility, subsidiary compliance, document preservation, performance evaluation, insider trading, and event disclosures — are reported as fully compliant. No statutory auditor resignation occurred during the year, and no further SEBI or stock exchange actions were taken against the company.
This is a routine regulatory filing with no material governance red flags. The minor late filing with BSE and small related party transaction overshoots are immaterial to shareholders and unlikely to affect the stock price. Overall, the report reinforces the company's clean compliance track record for FY25.