Annual Secretarial Compliance Report under regulation 24(A) for the quarter and year ended March 31, 2025
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IEC Education Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, reviewed by Practicing Company Secretary M/s Preksha Dawet and Associates. The report flags multiple compliance lapses, including delayed filing of Depository certificates under Regulation 74(5), delayed intimation of trading window closure, Independent Directors not enrolled in the Independent Directors' Databank (Regulation 25), and several XBRL filing delays/non-submissions under Regulations 23(9), 33, and 24A. The company also did not update its SEBI-mandated policies on time and had instances of delayed/missing entries in its Structured Digital Database for insider trading. On the positive side, no SEBI or stock exchange action has been taken against the company, and the board was reconstituted after statutory auditor M/s APT & Co. LLP resigned on August 3, 2024, with M/s S.N. Kapur & Associates appointed in their place.
While no penalties have been imposed, the pattern of repeated delays in filings, policy non-updation, and governance gaps signals weak compliance discipline, which could concern investors tracking governance quality. The auditor change mid-year is also worth noting, though the company has committed to timely compliance going forward.