Annual Secretarial Compliance Report for the financial year ended March 31, 2025 issued by M/s. Aashish K. Bhatt & Associates, Practicing Company Secretaries.
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DAM Capital Advisors Limited has submitted its Annual Secretarial Compliance Report for FY25, certified by M/s. Aashish K. Bhatt & Associates. The company's shares were recently listed on stock exchanges on December 27, 2024, which is why some policies are still being adopted. Key non-compliances noted include: delayed submission of the January 24, 2025 board meeting outcome, a newspaper advertisement for December 2024 quarter results missing the required Quick Response Code, and delay in adopting the Insider Trading Code and certain SEBI LODR policies post-listing. As a SEBI-registered stock broker, the company also received an administrative warning letter after inspection, with observations around not upstreaming all client funds to the Clearing Corporation within timelines, non-permissible transfers from client bank accounts to own accounts, and incorrect reporting in the Segregation file. No monetary penalties have been imposed on the company. Overall, the company has complied with most SEBI regulations, with these flagged as procedural lapses to be remediated.
For shareholders, this is largely a routine annual compliance filing with mostly procedural lapses that are being addressed; no penalties have been levied. However, the SEBI stock-broker inspection observations around client fund handling and segregation reporting warrant attention as they touch on regulatory compliance in the core broking business.