Pursuant to Regulation 24A of SEBI( Listing Obligation and Disclosure Requirements) Regulations, 2015, enclosed please find the Annual Secretarial Compliance Report for the financial year ....
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Ganges Securities Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary (MR & Associates) reviewed the company's compliance with SEBI regulations, the Companies Act, and Secretarial Standards. Overall, the company was found compliant across most areas including insider trading, related party transactions, website disclosures, and director eligibility. One notable non-compliance was flagged: the delayed appointment of a Compliance Officer after the previous one resigned on November 6, 2023, with the new officer appointed only on May 16, 2024 — beyond the 3-month SEBI deadline. NSE levied a fine of Rs. 1,00,000 and BSE levied Rs. 45,000 in connection with this delay. The company has paid the NSE fine and applied to BSE for a waiver.
This is a routine annual compliance disclosure with minor governance flag. The compliance officer appointment delay is a past issue that has now been resolved and penalised. No new material concerns for shareholders; the stock price is unlikely to be affected as the issue is historical and already disclosed.