Annual Secretarial Compliance Report for the year ended 31.03.2025
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Frontier Capital Limited (BSE Scrip Code: 508980) has submitted its Annual Secretarial Compliance Report for FY 2024-25, as mandated under Regulation 24A of SEBI LODR Regulations. The Practicing Company Secretary flagged four non-compliances during the year: (1) the vacancy of Compliance Officer was not filled within the required 3-month timeline under Regulation 6(1A), (2) quarterly financial results were not published in newspapers as required under Regulation 47, (3) the Structured Digital Database (SDD) under SEBI Insider Trading Regulations was not maintained for FY 24-25, and (4) the Share Capital Audit reconciliation report under Regulation 76 of DP Regulations was not filed. The company has provided management responses for each, citing procedural delays, inability to produce newspaper copies, inadvertent non-maintenance of SDD, and pending filings with BSE. No penalties or fines were levied by SEBI or the stock exchange during the review period.
Multiple repeated and new compliance lapses — especially around disclosure, insider trading database, and regulatory filings — signal weak governance and internal controls. This may concern retail investors as it reflects ongoing compliance failures and could attract further regulatory scrutiny or penalties going forward.