Please find the enclosed letter with respect to Annual Secretarial Compliance Report for the year ended March 2026.
ELCIDIN · price
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Elcid Investments Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as required under SEBI Regulation 24A. The report by Practicing Company Secretaries M/s Ruchi Kotak & Associates shows one minor compliance deviation: the company entered the top 2000 listed entities list as of December 31, 2024, which required a minimum of 6 directors on the Board. From April 1 to May 22, 2025, the company had only 4 directors. Two additional directors were appointed on May 23, 2025, bringing the total to 6 and achieving compliance. No fine was imposed. All other aspects including Secretarial Standards, website disclosures, related party transactions, and insider trading regulations showed full compliance.
The compliance issue was minor and was remedied within a month of detection. For shareholders, this filing confirms the company is largely compliant with SEBI regulations, with no major governance concerns or penalties. The temporary board composition shortfall has been fully addressed.