Annual Secretarial Compliance Report for year ended March 31, 2025
DEVYANI · price
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Devyani International has filed its Annual Secretarial Compliance Report for FY25, certified by Sanjay Grover & Associates, Company Secretaries. The report confirms overall compliance with SEBI regulations, including secretarial standards, insider trading, related party transactions, website disclosures, and director eligibility. One minor deviation was flagged — a delay in obtaining shareholder approval via special resolution for the re-appointment of Mr. Pradeep Khushalchand Sardana, a Non-Executive Director who turned 75 on June 30, 2024. Shareholder approval was secured on July 5, 2024, slightly after the required timeline. Both BSE and NSE imposed a fine of Rs. 10,000 each (plus GST) for this delay, which the company has paid under protest. No other non-compliances or SEBI actions against the company, its promoters, directors, or subsidiaries were reported.
This is a routine annual compliance filing. The only issue is a small procedural penalty (Rs. 20,000 + GST total) for a slight delay in a director re-approval formality, which the company has challenged under protest. No material impact on shareholders, operations, or stock price.