Please find Annual secretarial compliance report for the year ended March 2026
GALAPREC · price
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Gala Precision Engineering Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by D. M. Zaveri & Co., Company Secretaries. The report confirms general compliance with SEBI regulations including LODR, ICDR, PIT, and other applicable regulations. One historical non-compliance was noted: the company had failed to maintain proper composition of the Nomination & Remuneration Committee during Q3 FY2025 (December 2024 quarter). The company filed waiver applications which were rejected by BSE's review committee, and fines of Rs. 51,920 each from BSE and NSE (total Rs. 1,03,840), plus additional Rs. 2,360 each (total Rs. 4,720), were paid on April 24, 2025. The company subsequently corrected the NRC composition effective October 1, 2024, achieving compliance. All other 14 compliance checkpoints showed satisfactory compliance status.
This is a routine regulatory filing indicating overall good standing. The past NRC composition issue has been resolved with fines paid. Shareholders can view this as a clean compliance report for the current period with no outstanding regulatory concerns.