Annual Secretarial Compliance Report for the year ended March 31,2026 as per Regulation 24A of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 ('Listing Regulation')
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G G Engineering Ltd has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, as mandated under SEBI Regulation 24A. The secretarial auditor Prachi Bansal & Associates has reported compliance across most areas including secretarial standards, board evaluations, related party transactions, and insider trading norms. However, 5 non-compliances were identified: (1) 1-day delay in Related Party Transaction disclosures for both half-years (Rs.10,000 fine), (2) 4-day delay in Shareholding Pattern filing for Q1 FY26 (Rs.8,000 fine), (3) 1-day delay in Annual Report submission (Rs.2,000 fine), (4) non-constitution of Nomination and Remuneration Committee during two quarters (Rs.3,04,000 in fines), and (5) non-compliance with Board constitution under Regulation 17 (Rs.4,50,000 fine). All fines were levied by BSE under Standard Operating Procedures. The company has paid the fines for items 1-3 and filed corrective submissions. Waiver applications have been submitted for items 4 and 5.
Minor negative signal. While the company has largely complied with SEBI regulations, repeated filing delays and board constitution non-compliance led to Rs.7,74,000 in total BSE fines. The company is seeking waiver for the larger fines (Rs.7,54,000) related to committee and board constitution. Shareholders should note governance lapses though management has taken corrective action.