Annual Secretarial Compliance Report for the financial year ended 31st March, 2025
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Hindustan Composites filed its Annual Secretarial Compliance Report for FY 2024-25, reviewed by CS Manish Baldeva of M Baldeva Associates. The Practicing Company Secretary confirmed that the company complied with all applicable SEBI regulations, including the Listing Regulations, Insider Trading Regulations, and Secretarial Standards. No directors are disqualified under Section 164 of the Companies Act, the company has no subsidiaries, and the statutory auditor did not resign during the year. No new deviations were reported in Annexure I (listed as Nil). The only pending item from prior periods involves fines of Rs. 1,62,000 each levied by BSE and NSE under Regulation 17(1A) regarding the appointment of Mr. Vinay Sarin (above 75 years), which the company has paid under protest and contested, citing favorable SAT rulings.
This is a routine compliance filing with no new regulatory issues or material negative findings for shareholders. The earlier fine is under challenge at the exchange level, suggesting no immediate financial or governance risk from this disclosure.