Annual Secretarial Compliance Report for the financial Year ended 31st March, 2025
HINDCOMPOS · price
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Hindustan Composites Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25, reviewed by M Baldeva Associates, Company Secretaries. The report confirms the company complied with applicable SEBI (LODR) Regulations during the year, covering areas such as secretarial standards, board policies, website disclosures, director qualifications, insider trading, and related party transactions. No new non-compliances or deviations were identified during the review period (Annexure I is NIL). The company has no subsidiaries, no statutory auditor resigned during the year, and no action was taken against it by SEBI or stock exchanges in FY25. The report also tracks a legacy matter from FY24 — appointment of Mr. Vinay Sarin (non-executive director who crossed 75 years) — where BSE and NSE had imposed fines of Rs. 1,62,000 each in November 2023; the company paid these under protest and applied for waiver citing supportive SAT judgments.
This is a routine annual compliance filing with no new adverse findings, indicating clean regulatory standing for FY25. No material impact expected on the stock price; the legacy fine matter remains under waiver review with the exchanges.