Enclosed Herewith Annual Secretarial Compliance report for year ended March 31,2025
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Evexia Lifecare has filed its Annual Secretarial Compliance Report for the year ended March 31, 2025, as required by SEBI rules. The report flags multiple compliance lapses during FY25, including a 1-day delay in filing the previous year's secretarial compliance report (Rs. 4,000 fine), late disclosure of related-party transactions for September 2024 (Rs. 1,29,800 fine), and a 1-day delay in submitting consolidated financial results for Q2 FY25. The company also did not file updated shareholding patterns within 10 days after converting FCCBs into equity shares on five separate occasions (totalling 370 bonds). Additionally, 100% of promoter and promoter group shareholdings are still not held in dematerialized form. The report also notes the company was without a Company Secretary and Compliance Officer at the time of signing, and that statutory auditor M/s Tejas K. Soni resigned in November 2024. Several FY23 non-compliances were resolved during the year.
Repeated SEBI LODR violations and BSE fines totalling over Rs. 1.3 lakh in FY25 highlight weak compliance and corporate governance, which is a negative signal for retail investors. The FCCB-to-equity conversions may dilute existing shareholders, and the unresolved promoter demat issue raises ongoing governance concerns.