Annual Secretarial Compliance Report of Triton Corp Limited for the Financial year ended 31st March 2025
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Triton Corp Limited has filed its Annual Secretarial Compliance Report for FY2024-25, audited by A.K. Choudhary & Associates. The report flags five non-compliance issues that occurred during the year: (1) non-payment of outstanding listing fees of Rs. 33.50 lakh plus annual listing fees of Rs. 33.33 lakh for FY24-25 under Section 21A of SCRA; (2) non-submission of Share Capital Reconciliation Audit Report under Regulation 76; (3) failure to appoint a qualified company secretary as compliance officer under Regulation 6(1); (4) failure to appoint a share transfer agent under Regulation 7(1); and (5) non-submission of shareholder complaint statements under Regulation 13(3). The company has confirmed that all five issues have now been rectified, with outstanding listing fees paid and compliance actions completed. No SEBI or stock exchange actions were taken against the company during the review period.
While the company has remedied the compliance lapses, the accumulation of overdue listing fees (totalling nearly Rs. 67 lakh) and multiple governance shortfalls point to weak internal compliance processes, which is a concern for shareholders. Past fines of Rs. 1,000 per day on four counts could add up materially and may weigh on the stock's governance perception.