Annual Secretarial Compliance Report for the Financial Year ended 31st March 2026
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Ester Industries Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, certified by practicing company secretaries Dhananjay Shukla & Associates. The report covers compliance with SEBI regulations including LODR, ICDR, SAST, Insider Trading, and Depositories regulations. One exception was noted: the company's board composition temporarily fell short of requirements between 1st April and 5th May 2025 after Mr. Sandeep Dinodia's term as Independent Director ended on 31st March 2025. The company subsequently appointed Mr. Abhay Anant Gupte as Non-Executive Independent Director effective 6th May 2025. BSE and NSE each levied a penalty of Rs. 1,77,000 for this contravention, which the company has paid. All other compliance requirements were met, including secretarial standards, website disclosures, related party transactions, and preservation of documents.
The filing confirms that aside from a temporary board composition issue (now rectified with a new independent director appointment and penalties paid), Ester Industries Ltd maintained compliance with SEBI regulations. The penalties totaling Rs. 3.54 lakh are immaterial to the company and do not indicate any systemic governance concerns.