Annual Secretarial Compliance Report for the FY 2025-26.
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Deccan Health Care Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by M/s M R Bhatia & Co. The company was found to be largely compliant with SEBI regulations but had four violations: (1) Delayed appointment of qualified Company Secretary as Compliance Officer (fine ₹3,540), (2) Non-compliance with Board composition requirements including failure to appoint a woman Independent Director (fine ₹5,07,400), (3) Another instance of same Board composition violation (fine ₹4,18,900), and (4) Delayed constitution of Nomination and Remuneration Committee (fine ₹1,03,840). Total fines amount to approximately ₹10.34 lakh. The company has paid all fines and filed waivers with BSE, stating the deviations are procedural and transitory in nature. All other compliance areas including Secretarial Standards, website maintenance, document preservation, performance evaluation, related party transactions, and insider trading norms were found satisfactory.
The company faces moderate governance concerns due to repeated non-compliance with Board composition rules, particularly regarding woman Independent Director requirements. However, management claims these are procedural gaps that have been addressed. Total fines of ₹10.34 lakh are relatively small and do not indicate systemic failure.