Annual Secretarial Compliance report as on 31.03.2025
EMKAY · price
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Emkay Global Financial Services submitted its Annual Secretarial Compliance Report for the year ended March 31, 2025, certified by M/s Parikh & Associates. The company has generally complied with SEBI regulations, with all key compliance items (Secretarial Standards, policies, website disclosures, director qualifications, related party transactions, insider trading, etc.) marked as compliant. However, Annexure A lists four minor deviations: a pending disclosure under Regulation 30 regarding fines levied by statutory authorities, and three operational penalties totaling Rs. 1,00,000 - Rs. 10,000 from BSE for non-maintenance of complaint register by an authorised person, Rs. 45,000 from MCX for non-settlement of client funds and securities in FY 2022-23, and Rs. 45,000 from NSE for contract notes not sent within 24 hours during October 2023 to March 2024. All penalties have been paid by the company, and no actions were taken by SEBI or stock exchanges beyond these fines.
The filing shows the company is broadly compliant with listing regulations, and the penalties disclosed are minor, relate to operational/administrative lapses in the broking business, and have already been settled. This is unlikely to have a material impact on the stock price or shareholder value.