Annual Secretarial Compliance Report for the Financial Year March 2026.
GULFPETRO · price
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GP Petroleums Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26 under SEBI Regulation 24A. The report was issued by Practicing Company Secretary M/s. Pusalkar & Co. The auditor examined compliance with multiple SEBI regulations including LODR, PIT, SAST, and ICDR. Overall, the company has complied with statutory provisions and maintains proper Board processes. However, one deviation was noted: certain Related Party Transactions were executed without prior Audit Committee approval and were subsequently ratified due to immediate business requirements and limited transaction value. No other violations were found. The company has no subsidiaries, no statutory auditor resignations, and no actions taken by SEBI or stock exchanges during the review period.
The report shows largely clean compliance with minor procedural lapse in Related Party Transactions. While the company appears fundamentally compliant, the RPT deviation could draw regulatory scrutiny. Investors should monitor for any follow-up queries from exchanges regarding the delayed approvals.