Annual Secretarial Compliance Report pursuant to Regulation 24(A) of SEBI LODR Regulations, 2015, for F.Y. 2024-25.
GIPCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Industries Power Company Ltd (GIPCL) submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by M/s TNT & Associates. The report flagged three minor non-compliances during the year: (1) a delay in submitting the Annual Report to stock exchanges beyond the mandated date due to heavy rain and flooding in Vadodara, attracting a Rs 10,000 penalty (plus GST) which was later waived by both BSE and NSE; (2) the Risk Management Committee had only 2 members instead of the required 3 during the quarter ended September 2024, drawing a Rs 20,000 penalty that was similarly waived and later rectified; and (3) SEBI issued a warning letter regarding a related party's vote on a Material Related Party Transaction. The company is otherwise fully compliant with secretarial standards, disclosure norms, insider trading rules, and related-party transaction requirements, with no action pending from SEBI or stock exchanges.
Minimal impact for shareholders — this is a routine annual regulatory filing. The three non-compliances were minor, penalties were fully waived, and the company is otherwise in good compliance standing with no outstanding actions from regulators.