Annual Secretarial Compliance Report for the year ended March 2026
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Globalspace Technologies Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, issued by Abhay Kumar Pal & Co., Practising Company Secretaries. The secretarial audit found three compliance deviations: (1) Material related party transactions entered into without prior shareholder approval under Regulation 23(4) of SEBI LODR — the Company acknowledges this oversight and will seek shareholder ratification; (2) A 310-day delay in appointing a common Independent Director on the board of material subsidiary Innopharm Healthcare Private Limited — now remedied; (3) Non-submission of Cash Flow Statement for Consolidated Financial Results for Q2 FY2025 — also now submitted. Most other compliance areas including secretarial standards, website disclosures, director disqualification checks, related party transaction approvals, insider trading norms, and performance evaluations were found satisfactory.
The pending shareholder ratification for material related party transactions could attract regulatory scrutiny if rejected. The Company has strengthened internal compliance mechanisms after these deviations.