Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026
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Garuda Construction and Engineering Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, as required under SEBI regulations. The report, issued by Practicing Company Secretaries Ketan Vyas & Company, confirms the company largely complied with applicable SEBI regulations. However, two minor delays were noted: the company was 2 days late in submitting its quarterly Corporate Governance Reports (Regulations 27(2) and 13(3)), resulting in combined fines of Rs. 14,160 (Rs. 9,440 + Rs. 4,720 inclusive of GST) paid to both BSE and NSE. Additionally, there was a delayed filing of Form CHG-1 for charge modification on the MCA portal. All fines have been paid, and the company attributed the delays to technical errors during XBRL file validation. No major compliance concerns were raised.
The company has successfully addressed all minor compliance lapses by paying requisite fines. These procedural delays are unlikely to materially impact the stock or shareholders, as the violations were technical in nature and promptly rectified.