Annual Secretarial Compliance Report for the quarter ended March 31, 2025
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Fineotex Chemical Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, reviewed by HSPN & Associates LLP, Practicing Company Secretaries. The company has largely complied with SEBI (LODR) Regulations, 2015 and various SEBI circulars, with all Secretarial Standards met and no actions taken by SEBI or stock exchanges against the company, its promoters, or directors. However, two minor compliance delays were noted: (1) delayed submission of material event disclosures under Regulation 30, where the Annual Report filing for the September 2024 quarter was received after the AGM held on 15th September 2024, and (2) delayed filing of the Corporate Governance Report under Regulation 27(2) for the September 2024 quarter, which was submitted beyond the stipulated 12-day period. BSE levied a penalty for the Regulation 27(2) delay, which the company has since paid along with filing revised proceedings. The company has 8 subsidiaries, of which 2 are classified as material subsidiaries.
This is a routine annual compliance filing with no material negative implications for shareholders. The minor filing delays and small penalty are not material and have already been remedied, with no ongoing regulatory action against the company. Overall, the report reinforces Fineotex Chemical's status as a compliant listed entity with proper governance mechanisms in place.