Annual Secretarial Compliance Report for the financial year 2024-25
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Gabriel India Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI LODR Regulations. The review was conducted by KPRC & Associates, Practicing Company Secretaries. The company was largely compliant with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and disclosure requirements. Two non-compliance instances were flagged: delay in reconstituting the Audit Committee and Stakeholders Relationship Committee under Regulations 19 and 20 after a director's term expired, leading to a total fine of INR 1,69,920 (including GST) imposed by BSE and NSE. A similar delay was noted for the Nomination and Remuneration Committee under Regulation 19, for which no action had been taken as of the report date. Management has committed to strengthening internal compliance processes.
Minor governance lapses with a small regulatory fine of about INR 1.69 lakhs — financially negligible for the company. No major red flags for shareholders; the issues are procedural delays in committee reconstitution rather than substantive concerns.