Happy Forgings Limited has informed the Exchange about " Annual Secretarial Compliance Report FY 2025-26"
HAPPYFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Happy Forgings Limited has filed its Annual Secretarial Compliance Report for FY 2025-26 under SEBI LODR Regulation 24A. The report by Chandrasekaran Associates identifies one non-compliance: the Nomination and Remuneration Committee (NRC) was not duly constituted for 6 days (3rd to 9th May 2025) after Mr. Satish Sekhri completed his 5-year tenure as Independent Director on 3rd May 2025, leaving only two members instead of the required three. The NRC was reconstituted on 10th May 2025. Stock exchanges NSE and BSE each imposed a fine of Rs. 14,160 (including GST), which the company paid on 2nd September 2025. The Board noted the matter on 6th November 2025, stating the non-compliance was not willful. All other compliance areas including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms were found satisfactory.
The non-compliance is minor and procedural in nature, with the company having already paid the fine and reconstituted the committee. This is unlikely to have any lasting negative impact on the stock price as the violation was temporary and promptly corrected.