Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we are enclosing herein with the Annual Secretarial Compliance Report for the Financial ....
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Franklin Industries Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, prepared by Dhruvi Patel & Associates. The report reveals multiple regulatory non-compliances: delayed submission of the Secretarial Compliance Report, non-constitution of Audit Committee (Q2 June 2025), failure to appoint a qualified Company Secretary, non-redressal of investor complaints, and non-submission of Scrutinizer's Report for an EGM held on April 28, 2025. BSE has levied total fines of Rs. 4,10,640 across these violations. The company also shows SDD (Suspended/Delisted) Non-Compliant status on BSE due to a software system failure. Management has stated corrective actions are being taken, including appointing a Company Secretary and installing new compliance software.
This report signals weak corporate governance and multiple regulatory breaches, which may attract investor concern. The cumulative fines (Rs. 4.1 lakh) and compliance failures indicate operational risks. Investors should monitor whether the company rectifies these issues and improves its compliance framework going forward.