Enclosed herewith is the Annual Secreterial Compliance Report for the FY 2024-25.
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Garnet Construction Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, filed on 30th May 2025 by Managing Director Kishan Kumar Kedia and certified by Practicing Company Secretary Neetu Maheshwari. The report flags several past procedural lapses, including late submission of the Corporate Governance Report and board meeting outcomes for FY24, discrepancies in XBRL filing of March 2024 financials, and delays in the half-yearly share transfer certificate from promoters under SEBI (SAST) Regulations. Similar delays occurred for the December 2024 quarter results and a February 2025 board meeting outcome. The company has since rectified these by resubmitting corrected reports, citing technical reasons for some delays. No fines were imposed by BSE, and core compliance areas like UPSI database maintenance, insider trading norms, related-party transaction approvals, website disclosures, and director eligibility were found satisfactory.
This is a routine mandatory SEBI filing and not a fresh corporate action. The reported delays were procedural and have been corrected with no monetary penalty, suggesting limited near-term impact on shareholders, though it points to weaker filing discipline historically.