Submission of Annual Secretarial Compliance Report for Financial year ended on March 31, 2026
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Epack Prefab Technologies Ltd has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, examined by SBYN & Associates LLP. The report identifies two regulatory non-compliances: (1) the Audit Committee was not properly constituted under Regulation 18(1) of SEBI LODR, resulting in fines of Rs 3.06 lakh from NSE and BSE, and (2) the Nomination and Remuneration Committee was not properly constituted under Regulation 19(1), also attracting fines of Rs 3.06 lakh. Both committees have since been reconstituted to comply with statutory requirements. Additionally, Whole-Time Director Nikhil Bothra was found holding two DINs, and the company has filed Form DIR-5 to surrender the duplicate DIN with an adjudication application pending before ROC, Kanpur. All other compliance areas including secretarial standards, website disclosures, related party transactions, and insider trading regulations were found satisfactory.
The non-compliances with board committee composition have been resolved through reconstitution, and the fines have been paid. The duplicate DIN issue is being addressed through regulatory channels. For shareholders, this indicates past governance gaps that have been corrected, though the company has incurred regulatory penalties.