Annual Secretarial Compliance Report for the year ended on 31st March, 2026
ELECTHERM · price
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Electrotherm (India) Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, audited by M/s. Bharat Prajapati & Co. The secretarial auditor examined compliance across key SEBI regulations including LODR, SAST, and PIT Regulations. The report confirms full compliance across most areas including secretarial standards, board composition (now), related party transactions, insider trading, and website disclosures. However, the report flags that during the review period, BSE and NSE each imposed a fine of Rs. 5,31,000 (for the quarter ended 31 March 2025, 90-day non-compliance) and Rs. 53,100 (for the quarter ended 30 June 2025, 9-day non-compliance) for failing to maintain the required minimum of six board members under Regulation 17(1) of SEBI LODR. The company states it subsequently appointed a director on 10 April 2025 and is now compliant.
The regulatory fine of approximately Rs. 10.62 lakh combined (BSE + NSE) for board composition non-compliance is a minor financial hit. The company has since corrected the issue, which should limit further regulatory risk. Shareholders can note that governance standards have been restored following the board strengthening.