Annual Secretarial Compliance Report for the Financial Year ended 31 March, 2026.
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Diana Tea Company Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by M/s MR & Associates. The company has generally complied with SEBI regulations, Secretarial Standards, and other statutory provisions. However, one deviation was noted: the company delayed disclosure to BSE regarding a Rs 5,18,960 penalty imposed by the Income Tax Department under Section 270A of the Income Tax Act. The penalty order was received on September 19, 2025, but the disclosure to the Stock Exchange was made only on October 30, 2025, beyond the mandated 24-hour window. The management cited that the penalty email landed in the spam folder and was not noticed, compounded by the Diwali festive period. Notably, Annexure B reveals this is a recurring issue from the previous year as well, where delayed intimation about a credit rating report was also flagged.
This is a routine compliance filing with a minor regulatory penalty (Rs 5.19 lakh) already imposed. While the violation is not severe, the recurrence of delayed disclosures raises concerns about internal compliance monitoring. Shareholders should note that the company has assured strengthening of its internal controls to prevent future delays.