Annual Secretarial Compliance Report for Financial Year 2025-26
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Hilltone Software and Gases Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, prepared by Practicing Company Secretary Hussain Bootwala & Associates. The report shows the company is largely compliant with SEBI regulations including LODR, PIT, and secretarial standards. However, two key issues were flagged: (1) The company delayed submission of cashflow statement with standalone financial results, resulting in a BSE fine of Rs. 1,41,600/-, which was paid and compliance achieved; (2) The company's Statutory Auditors resigned during the year under review, though the auditor confirmed no concerns with management. Additionally, a prior year violation of Regulation 17(1)(b) regarding Board composition (Mrs. Parulben Niketkumar Shah not being an independent director) was noted and resolved after her resignation on 03/01/2025.
The company has addressed all non-compliances by paying the regulatory fine and resolving Board composition issues. The auditor resignation may require attention from investors but no concerns were flagged by the departing auditor. Overall, this is a routine compliance filing with no major red flags for shareholders.