Annual Secretarial Compliance Report for FY 2025 of FYNX Capital Limited.
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Fynx Capital Ltd (formerly Rajath Finance Limited) submitted its Annual Secretarial Compliance Report for the year ended March 31, 2025, prepared by Practicing Company Secretary Gaurav Agrawal & Associates. The report flags two instances of delayed submission of financial results under SEBI LODR Regulation 33, attracting BSE fines of ₹1,29,800 and ₹1,71,100 (totalling about ₹3 lakh). The company blames recent change in management and a shift of its registered office from Gujarat to Maharashtra. Other issues noted include a website not fully updated as per Regulation 46(2), one instance where the gap between two board meetings slightly exceeded the 120-day limit, and inability to appoint a new statutory auditor within the prescribed timeline after the previous auditor resigned. Insider trading (SDD) compliance was initially flagged as non-compliant by BSE but was subsequently resolved, and most other compliance areas — secretarial standards, related party transactions, director disclosures, event reporting — were found satisfactory.
Negative for governance perception — multiple SEBI compliance lapses, cumulative fines of roughly ₹3 lakh, and a delayed auditor appointment signal operational and governance weakness. Shareholders should treat this as a governance red flag on a small-cap company already undergoing management transition.