Annual Secretarial Compliance Report for the financial year ended March 31,2026 under regulation 24A of the SEBI (LODR) Regulations 2015.
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Imec Services Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26. The secretarial auditor, B Maksi Wala & Associates, confirmed general compliance with SEBI regulations but flagged multiple deviations in Annexure-A. Key non-compliances include: failure to obtain shareholder approval within 3 months for Ms. Kamna Talreja's appointment as Additional Director from March 2025; no designated CEO throughout the financial year; vacancy of Key Managerial Personnel unfilled beyond stipulated timeline; and failure to conduct Board performance evaluations. Additionally, Director Mr. Narendra Singh failed the mandatory proficiency test within 2 years, making him ineligible as Independent Director. The company also did not maintain optimum Board composition with required Executive and Non-Executive Director balance. Annexure-B shows persistent issues from FY 2024-25 including delayed Compliance Officer appointment, late filing of financial results, and delayed RPT disclosure.
The filing reveals significant governance weaknesses including a prolonged CEO vacancy, multiple regulatory non-compliances, and repeated delays from prior year. This signals weak internal controls and raises concerns about operational oversight, though shareholder approval for director appointments was eventually obtained despite delays.