Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Equilateral Enterprises Ltd (formerly Surya Industrial Corporation Ltd, scrip code 531262) filed its Annual Secretarial Compliance Report for FY2024-25 with BSE on May 30, 2025, prepared by M/s Abhilasha Chaudhary & Associates. The report reveals that the company's shares were suspended on BSE since August 28, 2015 due to surveillance measures related to a 2015 preferential share allotment, and the suspension was only revoked on March 17, 2025 after the company paid Rs 2,95,000 in reinstatement fees. During the long suspension period, the company failed to file multiple mandatory reports including trading window closures, investor grievance reports, corporate governance reports, shareholding patterns, financial results, and did not maintain UPSI records in SDD software. After revocation, several filings for the June 2024 quarter were delayed (financial results by 96 days, shareholding pattern by 36 days). The company also had no Company Secretary/Compliance Officer during key periods, contributing to non-compliance. No monetary fines were imposed by SEBI or BSE during the review period.
The revocation of trading suspension in March 2025 is a positive development as shares are now actively tradable on BSE again, but investors should note the company's history of significant compliance lapses during the 10-year suspension period and the lack of key compliance personnel, which raises governance concerns.