Find enclosed the annual secretarial compliance for the Financial Year ended March 31,2025
GILLETTE · price
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Gillette India has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, prepared by practicing company secretary K.G. Saraf. The report notes two minor lapses during the year: the gap between two consecutive Board meetings and Audit Committee meetings exceeded the SEBI-prescribed 120-day limit by just 1 day, due to rescheduling from August 28, 2024 to August 29, 2024. For the Board meeting gap, BSE and NSE levied a fine of Rs. 10,000 plus 18% GST, and the company has filed a waiver application. No action was taken for the Audit Committee gap. Previous year observations about delayed submission of AGM proceedings and related party transaction disclosures have been remediated, though a Rs. 5,900 fine had been imposed for the latter. Overall, the company is largely compliant with SEBI LODR regulations and secretarial standards.
This is a routine regulatory filing with no material impact on shareholders. The compliance lapses are minor (a single-day board meeting gap) resulting in small fines, and the company has already filed a waiver. No effect on stock price or business operations is expected.