In Compliance of SEBI (LODR) Regulations 2015, Please find the copy of Annual Secretarial Compliance Report for the financial year 2024-2025
Awaiting price reaction for this filing.
Sword-Edge Commercials Ltd has filed its Annual Secretarial Compliance Report for FY 2024-25, which flags multiple SEBI LODR compliance failures. Trading in the company's shares on BSE has been suspended since February 13, 2025, due to non-payment of annual listing fees and non-compliance with Regulation 31 (shareholding pattern disclosure) for two consecutive quarters. Key non-compliances include non-appointment of a qualified Company Secretary, missing board meeting minutes and attendance registers, no e-voting facility for the 2024 AGM, non-submission of the FY2024 annual report and shareholding pattern, and non-disclosure of investor grievances since June 2023. The company also saw a change of statutory auditor — M/s. Nilesh Thakore & Associates resigned on November 11, 2024, with M/s. H. Rajen & Co. appointed from December 9, 2024. Additionally, the DINs of three directors (Mr. Mehulkumar, Mr. Manish Kumar, Mr. Ramiz Saya) are noted as deactivated on the MCA portal.
This filing paints a picture of serious and ongoing corporate governance failures. The stock remains suspended from trading, leaving shareholders unable to exit, and multiple unresolved compliance gaps suggest weak management discipline — a significant red flag for retail investors.