Annual Secretarial Compliance Report for the year ended on March 31, 2025
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Elegant Marbles & Grani Industries has submitted its Annual Secretarial Compliance Report for FY2024-25 to BSE, as required under SEBI's Regulation 24A. The report, issued by Practicing Company Secretary Virendra Bhatt on April 18, 2025, confirms that the company has prima facie complied with applicable SEBI regulations, the Companies Act, and Secretarial Standards. All key compliance areas including insider trading, related party transactions, website disclosures, director eligibility, and board evaluations were marked compliant with no adverse observations. The only notable item is an SOP penalty of Rs. 42,480 (including GST) levied by the stock exchange for late submission of the Annual Report under Regulation 34 of SEBI LODR, which the company has already paid within the stipulated timeframe.
This is a routine compliance filing showing the company meets SEBI's regulatory requirements, which is neutral to positive for shareholders. The minor penalty for late Annual Report submission is a small compliance lapse but has already been resolved, with no material governance concerns flagged.