Annual secretarial compliance report for the period ended March 31, 2025.
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HCP Plastene Bulkpack filed its Annual Secretarial Compliance Report for FY25, prepared by SCS and Co. LLP. The report flags several compliance lapses during the year: BSE sought clarification on a significant stock price movement in July 2024, the company delayed disclosing related party transactions under Regulation 23(9) for the half-year ended September 2024, and it delayed submitting the outcome of Board Meetings held on November 14, 2024 and February 14, 2025. Prior-year issues remain, including non-filing of multiple intimations (resignations of directors and CS, AGM notice, CS appointment) in XBRL format, and a delayed Minimum Public Shareholding (MPS) compliance where the company received a fine of ₹2,00,000 (company's calculation) or ₹4,42,500 (BSE's calculation) but has filed a waiver application and has not yet paid. A one-day delay in MSME Form I filing was also noted. The company has accepted these non-compliances and assured timely disclosure going forward.
The report highlights repeated filing delays and disclosure lapses, which may concern investors about governance quality. The unresolved MPS fine (pending waiver) is a small overhang but the company appears to be in the process of regularizing. No fresh penalties were imposed for FY25 issues, so near-term stock impact is likely limited.