Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2026
HINDCOMPOS · price
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Hindustan Composites Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by M/s. MR & Associates, Company Secretaries. The auditor confirmed compliance with applicable SEBI regulations, secretarial standards, and corporate governance requirements. However, a prior non-compliance issue regarding the appointment of Mr. Vinay Sarin as a director who had attained 75 years without a special resolution remains unresolved. BSE rejected the company's waiver application for this matter in April 2026, though fines of Rs. 1.62 lakh each from BSE and NSE were already paid. Additionally, BSE imposed a fresh fine of Rs. 1.55 lakh for delayed submission of consolidated financial results for Q1 FY2019. The company has no subsidiaries and no SEBI or stock exchange actions were taken against it during the review period.
Overall compliance is satisfactory, but shareholders should note that the unresolved director appointment issue and repeated fine impositions indicate ongoing regulatory scrutiny. The company has paid fines totaling over Rs. 4.79 lakh across BSE and NSE for past non-compliances.