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Elnet Technologies Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by BP & Associates, Practicing Company Secretaries. The report shows the company largely complied with SEBI regulations but identified two non-compliances during the review period: (1) non-compliance with Audit Committee constitution for Q4 FY2025 resulting in a fine of ₹1,74,000, and (2) late submission of EGM voting results for the meeting held on 3rd February 2026 resulting in a fine of ₹10,000. Both fines were paid by the company. The report also notes that a previous non-compliance regarding Board composition (Regulation 17(1)) was resolved by appointing Mrs. Madhura Ganesh as Additional Independent Director. One observation was noted regarding the company's policy on materiality of events not being updated per recent SEBI amendments.
The company has paid all levied fines and taken corrective actions including director appointments. While there were regulatory non-compliances, the company appears to be in compliance now. The pending update to the materiality policy may attract future scrutiny if not addressed.