Annual Secretarial Compliance Report for the Financial year ended on 31st March 2026
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Gemstone Investments Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Practicing Company Secretaries M/s N K M & Associates. The report identifies two compliance deviations: (1) delayed submission of Related Party Transaction disclosures for H2 FY2025 (Regulation 23(9)), which attracted a fine from BSE though management states no RPTs existed for that period; and (2) delayed submission of quarterly financial results for Q3 FY2026 due to critical illness of the Statutory Auditor Mr. Rishi Sekhri, resulting in a fine of Rs. 2,65,500 inclusive of GST. The company subsequently filed the delayed Q3 results on May 30, 2026, and has applied for waiver of the fine. All other compliance requirements including Secretarial Standards, Insider Trading Regulations, and website disclosures were met.
The compliance lapses are minor and appear to be administrative delays rather than systemic issues. The Rs. 2.65 lakh fine is relatively small and the company has sought waiver. Investors should note the company filed its Q3 results nearly 5 months late, though the reason cited (auditor illness) appears genuine.