Submission of Annual Secretarial Compliance Report under Regulation 24(A) of the SEBI (LODR) Regulation, 2025 for the financial year ended March 31, 2025
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Hubtown Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's listing rules. The report, issued by M/s. Mihen Halani & Associates on May 22, 2025, confirms that the company has largely complied with all applicable SEBI regulations, secretarial standards, and corporate governance requirements. One minor deviation was noted: a one-day delay in giving prior intimation for a board meeting held on August 13, 2024, because two trading holidays (August 10-11) were inadvertently not counted, resulting in a Rs. 10,000 penalty (plus taxes) each from BSE and NSE, which the company has already paid. Additionally, SEBI had sought certain documents and personal appearance of officials, to which the company responded diligently.
The filing is routine and largely positive, showing broad regulatory compliance. The only blemish is a minor, already-paid penalty for a one-day procedural delay, which is unlikely to materially affect shareholders or the stock price.