Dear Sir/Madam, Enclosed herewith is the Annual Secretarial Compliance Report for the year ended 31st March 2026
DAMODARIND · price
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Damodar Industries Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, prepared by Pramod Jain & Co. The report shows that the company generally complied with SEBI regulations but had governance gaps related to Board and Committee constitution. Specifically, the Independent Director's tenure ended on May 10, 2025, but a replacement was appointed only on July 27, 2025, creating a gap of about 2.5 months. This disruption affected the Board of Directors, Audit Committee, Nomination & Remuneration Committee, and Stakeholder Relationship Committee. The company faced total fines of ₹11.62 lakh (₹5.70 lakh for Board, ₹2.28 lakh for Audit Committee, ₹1.82 lakh each for NRC and SRC). The company paid fines for Committee non-compliance and applied for waiver of the Board-level fine.
The non-compliance was administrative in nature related to delayed appointment of an Independent Director. The company has since rectified the issue and reconstituted all committees properly. The fines and waiver application indicate ongoing regulatory scrutiny but do not suggest fundamental governance failures.