Annual Secretarial Compliance report for the financial year ended 31 March 2025 issued by M/s Kanj and Co. ,LLP, Company Secretaries in practice, Pune on 30 May 2025.
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G. G. Dandekar Properties Ltd submitted its Annual Secretarial Compliance Report for FY ended 31 March 2025, prepared by KANJ & Co. LLP, Practicing Company Secretaries. The report flags 16 instances of non-compliance with SEBI LODR Regulations, including delays in prior intimation of board meetings (BSE imposed fines of Rs. 11,800 each on two occasions, totaling Rs. 23,600), late submission of Integrated Filing (Governance) and Integrated Filing (Financial) reports, discrepancies in quarterly corporate governance filings, and gaps in the Structured Digital Database for insider trading compliance. Multiple Secretarial Standards lapses were also noted, such as mismatch between audio recordings and minutes of board and audit committee meetings, incorrect director names in minutes, and procedural errors in the postal ballot process. The company has addressed some prior-year observations like the succession plan and risk management framework, but several new compliance gaps have emerged during FY25.
Repeated SEBI LODR compliance lapses and BSE fines highlight weak governance infrastructure, which may concern governance-focused investors and invite further regulatory scrutiny, though the issues are procedural rather than financial.