Annual Secretarial Compliance Report for Period ended 31-03-2025
GATECHDVR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GACM Technologies has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI Regulation 24A. For the current review period (FY25), the company reported NIL new deviations from SEBI regulations. However, the report lists observations from the previous year's report that were addressed: (1) a promoter entity, Gayiadi Holdings, violated insider trading rules by selling 1.36 crore equity shares at Rs.1/share and 72.11 lakh DVR shares at Rs.9.54/share on 1 April 2023, and paid a Rs.50,000 penalty to SEBI's Investor Protection Fund; (2) the company was earlier fined by BSE and NSE (Rs.1,000/day) for not having a qualified Company Secretary, which was remedied when one was appointed on 14 December 2023; (3) there were disclosure discrepancies in related-party transaction filings under Regulation 23(9), which the company says it has responded to; (4) initial disclosure for FY24 was submitted on 27 April 2023. One additional non-compliance flagged for FY25 is that no familiarisation programme was conducted for independent directors under Regulation 25(7).
This is a routine annual compliance filing with no new penalties or material actions against the company for FY25, which is mildly positive for governance. Investors should note the historical insider trading violation by the promoter group and the company's earlier lapses in appointing a compliance officer, as these may be relevant for governance-conscious shareholders.