Submission of Annual Secretarial Compliance Report for the year ended 31st March,2026.
GRAVISSHO · price
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Graviss Hospitality Ltd has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026. The report, prepared by Martinho Ferrao & Associates, confirms overall compliance with SEBI regulations but identifies three historical board composition non-compliances. BSE had levied fines totaling Rs 4.64 lakh for violations during Q2 and Q3 of FY 2023-24 and Q2 of FY 2024-25. The fines related to vacancies in Independent Director and Non-Executive Chairperson positions under Regulations 17(1) and 17(1A) of SEBI LODR. Two fines (Rs 1.85 lakh and Rs 2.75 lakh) were paid and settled, while a third fine of Rs 1.84 lakh received partial waiver reducing it to Rs 2.10 lakh net. The company demonstrated that it was simultaneously addressing board composition requirements and ultimately achieved compliance within prescribed timelines. All other SEBI regulations including insider trading, secretarial standards, and disclosure requirements were complied with.
The filing shows the company has resolved past board composition issues with BSE through fines and clarifications. The residual penalty of Rs 2.10 lakh is not material. Overall compliance status is positive with no action taken by SEBI against promoters or directors. This is a routine regulatory filing with no immediate shareholder impact.