Disclosure of Annual Secretarial Compliance Report under regulation 24A of the SEBI(listing obligations & disclosure requirements) regulations, 2015 for the year ended 31st March 2025.
Awaiting price reaction for this filing.
Universal Office Automation Ltd (BSE: 523519) submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, audited by Mehak Gupta & Associates, Company Secretaries. The report flagged three non-compliances during the year: (1) the Compliance Officer is not in whole-time employment of the company under Regulation 6(1), with management citing a waiver letter for FY25 remuneration; (2) a 3-day delay in submitting the Related Party Transactions disclosure for H2 FY25 (period ended September 30, 2024), leading to a BSE fine of INR 15,000 plus GST; and (3) a 1-day delay in prior intimation of the February 14, 2025 board meeting, attracting a BSE fine of INR 10,000 plus GST. Additionally, a prior-year non-compliance (delay in XBRL filing of postal ballot results) was rectified, with the INR 10,000 fine paid to BSE. The PCS noted the company's website is functional but could not confirm timely dissemination of documents, and recommended a more structured board evaluation process going forward.
The report highlights minor compliance lapses that have collectively cost the company INR 35,000 in BSE fines over the recent period, but no major regulatory action or SEBI penalties were imposed. These are procedural/clerical issues rather than fundamental governance red flags, suggesting limited impact on the stock price, though retail investors should note the ongoing non-compliance regarding the Compliance Officer's whole-time employment status.