Annual Secretarial Compliance Report for the year ended 31/03/2025.
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East India Drums and Barrels Manufacturing Ltd (formerly Precision Containeurs Ltd, BSE Scrip 523874) submitted its Annual Secretarial Compliance Report for FY 2024-25, certified by Practising Company Secretary Pranay Mandhana. The company was formed via an NCLT-approved Resolution Plan on 2 May 2023, which merged East India Drums & Barrels Manufacturing Pvt Ltd into Precision Containeurs Ltd, with the name change taking effect on 26 April 2024. The report confirms compliance with secretarial standards, SEBI (LODR) regulations, insider trading rules, related party transaction norms, and timely event disclosures, with no action taken by SEBI or stock exchanges during the review period. New statutory auditors M/s Dhiraj & Dheeraj Chartered Accountants were appointed for a 5-year term at the 26 August 2024 AGM. Two observations were flagged: the Company Secretary position has been vacant since 17 April 2025 (within the permitted 3-month replacement window), and the company is complying with a SEBI order dated 16 March 2023 regarding shares acquired beyond the 5% threshold, with related proceeds already deposited with IEPF.
This is a routine annual compliance filing with no direct impact on shareholders or stock price. The vacant Company Secretary role is a minor, time-bound compliance gap that the company is addressing within the regulatory window, and all prior-year observations on promoter dematerialization have been fully resolved.