Enclosed herewith is the Annual Secretarial Compliance Report for the Year ended 31st March, 2025.
Awaiting price reaction for this filing.
P.M. Telelinks Ltd submitted its Annual Secretarial Compliance Report for FY2024-25, which flagged several non-compliances with SEBI's Listing Regulations. The company was fined Rs. 2,17,120 for not having a properly constituted Nomination and Remuneration Committee under Regulation 19 of SEBI LODR, and promoters' demat accounts were frozen by SEBI due to non-payment of this penalty within the prescribed time. Additional non-compliances included delays in submitting material event announcements, failure to maintain a functional and updated company website (Regulation 46 & 62), and non-compliance with insider trading rules regarding the Structured Digital Database (SDD) under PIT Regulations. Some of these issues (website maintenance, PIT compliance, share transfer delays) are recurring from the previous year's report (FY2023-24), indicating the company has not fully addressed past observations.
This report highlights serious and recurring governance and regulatory compliance failures, including fines and promoter demat freezes, which reflect poorly on the company's management quality and could weigh negatively on investor confidence and stock sentiment. Shareholders should be concerned about the persistence of these compliance lapses year after year.