Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025 is attached.
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HB Stockholdings Ltd submitted its Annual Secretarial Compliance Report for FY2024-25, certified by A.N. Kukreja & Co, Practicing Company Secretaries. The company is largely compliant with SEBI regulations, circulars, and secretarial standards, including insider trading, related party transactions, website disclosures, and director disqualification checks. One key non-compliance was flagged: the company appointed Mr. Yash Kumar Sehgal as an Independent Director above 75 years of age without obtaining the prior special resolution from shareholders as required under Regulation 17(1A) of SEBI LODR Regulations. NSE and BSE imposed a total fine of Rs. 1,98,240 on the company, which it has challenged by filing an appeal with the Securities Appellate Tribunal (SAT); the matter is still pending. No prior observations from FY2023-24 remain unresolved.
Shareholders should note the ongoing SAT appeal against the Rs. 1.98 lakh penalty for a regulatory lapse in director appointment, but overall compliance posture remains satisfactory. This is a routine governance filing with limited material impact on stock price.