Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025
FINPIPE · price
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Finolex Industries has filed its Annual Secretarial Compliance Report for FY2024-25, as required under Regulation 24A of SEBI LODR. The report was prepared by SVD & Associates, Practicing Company Secretaries, who reviewed the company's compliance with SEBI regulations, circulars, and secretarial standards. The auditors confirmed the company is broadly compliant across all areas including secretarial standards, board policies, website disclosures, director eligibility, insider trading norms, and event disclosures. The only deviation noted was a roughly 3-minute delay in submitting the half-yearly Related Party Transactions (RPT) disclosure for the period ending September 30, 2024, due to a technical glitch on the filing portal. Both BSE and NSE levied a fine of ₹5,900 each (inclusive of GST) for this late submission, which the company paid within the prescribed timelines.
This is a routine annual compliance disclosure with no material red flags. The single lapse was a minor, technical timing delay resulting in a nominal fine (₹11,800 total), already paid and resolved. No meaningful impact on shareholders or the stock price is expected.