SECRETARIAL AUDIT REPORT FROM PCS 27.05.2025
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Practising Company Secretary B. Bhushan & Co. has submitted the annual Secretarial Audit Report for Decorous Investment & Trading Co Ltd covering FY 2024-25. The auditor found the company generally complied with the Companies Act, SEBI regulations, and other applicable laws, and that the Board is properly constituted with balanced composition. No major corporate actions such as public issues, buybacks, mergers, or foreign collaborations took place during the year. A voluntary delisting from Calcutta Stock Exchange (approved by Board in Nov 2020) remains under process. The auditor also flagged past BSE penalties — Rs 11,800 for delayed Scrutinizer's Report submission and Rs 3,12,700 along with a freeze on promoter holdings for alleged violation of SEBI LODR Regulation 23(9) — which the company is contesting as non-applicable and has filed a waiver request with BSE (latest email dated 16.05.2025).
Routine compliance filing with no material new corporate action, but investors should note ongoing BSE penalties and frozen promoter holdings that remain unresolved, along with the pending Calcutta Stock Exchange delisting process.