Dear Sir/Madam, Kindly find enclosed herewith Annual Secretarial Compliance Report
Awaiting price reaction for this filing.
Goenka Diamond & Jewels has filed its Annual Secretarial Compliance Report for the financial year ending March 31, 2025 with BSE and NSE. Practicing Company Secretary Vishal N. Manseta reviewed the company's adherence to SEBI's Listing Regulations and confirmed overall compliance across key areas like secretarial standards, insider trading, related party transactions, website disclosures, and director eligibility. Two minor deviations were flagged: a delay in filing related party transaction documents (₹5,900 fine each from NSE and BSE, still unpaid) and non-filing of the annual report (₹99,120 fine, later waived by NSE). The company attributed both issues to its ongoing Insolvency and Bankruptcy Code (IBC) proceedings, where filings are subject to approval by the Insolvency Resolution Professional (IRP). An AGM extension was also sought from the Jaipur Registrar of Companies for the same reason.
The IBC process is the critical context — the company is currently under insolvency resolution, which explains compliance delays and outstanding fines. Shareholders should note that this remains a high-risk situation with uncertainty around the company's future operations and governance continuity.