Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025.
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The company filed its Annual Secretarial Compliance Report for FY25, which is a routine regulatory requirement under SEBI rules. The Practicing Company Secretary flagged three non-compliances: (1) delayed filing of the Monitoring Agency Report for the quarter ended September 2024, attracting a fine of about Rs. 10,200; (2) the company did not maintain the mandatory Structured Digital Database (SDD) required under insider trading rules; and (3) the company's website was not regularly updated as required. Additionally, SEBI issued an Ex-Parte Order against the company in January 2025, and the statutory auditors resigned during the year. The report also notes non-compliance with certain Secretarial Standards related to EGM notices and circulation of minutes.
Multiple compliance lapses and an ongoing SEBI ex-parte order raise governance red flags for shareholders. While the fines are small, the pattern of delayed filings, weak insider trading controls, and website neglect suggests poor compliance culture, which could weigh on investor confidence and draw further regulatory scrutiny.