Annual Secretarial Compliance Report pursuant to Regulation 24A of the SEBI (LODR) Reg, 2015 for the Financial Year 2025-26
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Dhatre Udyog Ltd (formerly Narayani Steels Limited, BSE Scrip Code: 540080) has filed its Annual Secretarial Compliance Report for FY 2025-26 (year ended March 31, 2026), prepared by CS Ankita Dey & Associates. The report shows the company largely complied with SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories regulations. However, BSE has imposed cumulative fines of approximately Rs. 6.56 lakhs across 4 instances of non-compliance: late submissions under Regulation 33 (two cases) and non-mentioning under Regulation 17(1) and 17(14) (two cases). Management has applied for waivers before end of May 2026. Notably, a previous waiver application for Rs. 1.71 lakh was rejected by BSE. The company otherwise maintained proper records, complied with Secretarial Standards, and made timely related party transaction disclosures.
The repeated regulatory violations and ongoing fine demands (Rs. 6.56 lakh total) could signal weak compliance governance to investors, though the company has taken corrective steps by applying for waivers. BSE's prior rejection of waiver requests indicates potential for additional financial impact.