Enclosed the Annual Secretarial Compliance Report of the Company issued by M/s. RPR & Associates, Practising Company Secretaries for the Fianancial Year ended March 31, 2026.
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Everest Organics Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 (ended March 31, 2026) as mandated under SEBI LODR Regulation 24A. The report reveals 4 compliance violations during the year: (1) Late appointment of Compliance Officer resulting in Rs. 41,300 fine, (2) delayed Related Party Transaction disclosure with Rs. 5,900 fine, (3) Audit Committee constitution issue with Rs. 99,120 fine (waiver pending with BSE), and (4) Nomination & Remuneration Committee composition issue with Rs. 1,01,480 fine (paid and complied). Additionally, pending share transfers from Escrow Suspense Account remain unresolved. The company has mostly remediated previous year violations but continues to face regulatory scrutiny for procedural delays in filings and committee constitution.
The company paid cumulative fines of Rs. 2,47,800 for current year violations and continues to have an audit committee compliance issue under review. Persistent compliance gaps and BSE-levied fines signal governance weaknesses that could concern investors, though most issues have been addressed.