HEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HEG Limited (part of LNJ Bhilwara Group) submitted its Annual Secretarial Compliance Report for FY2024-25, certified by Jain Viney & Associates, Practicing Company Secretaries, as required under SEBI LODR Regulation 24A(2). The report confirms overall compliance with SEBI regulations, secretarial standards, insider trading rules, related party transaction norms, and corporate governance disclosures. One deviation was flagged: the company was fined Rs. 1,01,480 (including GST) each by NSE and BSE for allegedly violating Regulation 17(1A) of SEBI LODR, related to the appointment of a non-executive non-independent director who had already attained the age of 75 years. The company appointed the director as Additional Director on November 14, 2024 and later obtained shareholder approval via special resolution, and has filed a waiver application with NSE, the designated stock exchange. No other non-compliances were observed, no statutory auditor resigned during the year, and no director was disqualified under Section 164 of the Companies Act.
Minor regulatory penalty with limited financial impact (total fines ~Rs. 2 lakh). The company has already remedied the issue and is seeking a waiver, suggesting no material governance concerns for shareholders. Stock price impact is likely negligible.