In respect of M/s Pushpsons Industries Limited
Awaiting price reaction for this filing.
Pushpsons Industries Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25 to BSE, dated 24th May 2025, as required under SEBI Regulation 24A. The report, issued by M/s Anand Nimesh and Associates (Practicing Company Secretaries), flags two non-compliances: (1) the entire promoter group shareholding is still held in physical form instead of dematerialized, which violates Regulation 31 of SEBI LODR — the company states dematerialization is in progress; (2) the company had earlier omitted the time of conclusion of the general meeting in its proceedings disclosure for FY ended 31st March 2023, violating Regulation 30 of SEBI LODR — a revised disclosure has since been filed. No fines or penalties were imposed for either issue. All other major compliance areas, including Secretarial Standards, insider trading norms, related party transactions, and the Structured Digital Database, were found compliant.
This is a routine annual compliance filing with only minor procedural lapses and no financial penalties, so it is unlikely to move the stock price meaningfully. The ongoing promoter share dematerialization is a positive governance step that brings the company closer to full SEBI compliance.