Annual Secretarial Compliance Report for FY 2025-2026
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IGC Industries Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26 under SEBI regulations. The report identifies several compliance issues during the review period: delays in filing Audited Financial Results for FY ended March 2025 (attributed to extended audit completion), non-submission of Shareholding Pattern in XBRL mode for Q1 FY26 (resulting in a Rs 54,280 fine from BSE), and non-compliance with Structured Digital Database (SDD) requirements. The Company also faced clarifications from BSE regarding Declaration of Impact of Audit Qualifications and Cash Flow Statement submissions. However, the Company provided adequate justifications to BSE, purchased SDD compliance software, appointed a whole-time Company Secretary and Compliance Officer, and implemented corrective measures. No major enforcement actions were taken by SEBI against the Company during the year.
The repeated filing delays and XBRL non-compliance fine indicate weakness in the Company's internal compliance systems. While the Company responded to BSE queries and took remedial actions, investors should monitor if these compliance issues recur in future quarters.