Annual secretarial Report for the financial year ended 31 march ,2026
GRANDOAK · price
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The company's secretarial compliance report for FY ended March 31, 2026, filed by Bhupendra Kaushik & Associates, reveals multiple regulatory non-compliances. Two SEBI violations were flagged: failure to maintain a Structured Digital Database (SDD) under the Prohibition of Insider Trading Regulations, 2015, and failure to update the company website per Regulation 46 of SEBI LODR. Additionally, the company did not adopt or update required policies under SEBI regulations. A critical issue is that the statutory auditors resigned during the review period, and the company failed to comply with the SEBI master circular on auditor resignation disclosure or make the required Section 115(9) disclosure to the stock exchange. No penalties were recorded as the company did not provide management responses to the PCS.
The filing reveals governance red flags — unresolved SDD non-compliance, website non-maintenance, and an undisclosed auditor resignation — which could attract regulatory scrutiny from SEBI or BSE and signal weak internal controls to investors.