Submission of Annual Secretarial Compliance Report for year ended 31st March, 2026
FOODSIN · price
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Foods & Inns Ltd has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, certified by Practicing Company Secretaries M/s Ragini Chokshi & Co. The report shows the company was largely compliant with SEBI regulations, though one minor deviation was noted: a one-day delay in submitting related party transaction disclosures under Regulation 23(9) of SEBI LODR. BSE and NSE each imposed a penalty of Rs. 5,000, which the company has paid. Previous year observations including a Rs. 2 lakh SEBI penalty on the MD/CEO for insider trading code compliance and delays in convertible securities conversion have been addressed. All other compliance areas including secretarial standards, related party transactions, insider trading, and subsidiary disclosures were found satisfactory.
The filing indicates no major governance or compliance red flags for shareholders. The minor one-day delay penalty is immaterial and the company has already taken corrective actions to prevent recurrence. Past compliance issues have been resolved.