Annual Secretarial Compliance report for period ended 31-03-2025
GATECH · price
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GACM Technologies Ltd (formerly Stampede Capital Limited) has filed its Annual Secretarial Compliance Report for FY 2024-25, prepared by A.K. Rastogi & Associates under SEBI LODR Regulation 24A. The Practising Company Secretary confirms the company has generally complied with applicable SEBI regulations, secretarial standards, and corporate governance practices, with NIL new deviations reported during the review period. Five previous-year observations have been resolved: a Rs. 50,000 penalty for an insider trading violation by promoter GAYIADI Holdings (which sold 1.36 crore equity shares at Re 1 and 72.11 lakh DVR shares at Rs 9.54 in April 2023) has been deposited with SEBI's IPEF; fines of Rs 1,000/day from BSE and NSE for not having a qualified company secretary have been closed after Sujata Suresh Jain was appointed on December 14, 2023; related party transaction disclosure discrepancies and initial disclosure queries were clarified with the exchanges. One ongoing observation is that no familiarization programme was conducted for independent directors during the year, as required under Regulation 25(7).
This is a routine annual compliance filing with no new material violations, so it should not materially affect the stock price. Shareholders can take comfort that past governance lapses, including promoter insider trading and CS appointment gaps, have been formally closed, though the missed independent director familiarization program is a minor ongoing governance gap.