Annual Secretarial Compliance Report for the year ended March 31, 2025.
INCREDIBLE · price
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Incredible Industries Limited has filed its Annual Secretarial Compliance Report for FY 2024-25 with BSE, NSE, and Calcutta Stock Exchange, as required under SEBI LODR Regulation 24A(2). The report, prepared by MR & Associates (Practicing Company Secretaries), confirms the company generally complied with applicable SEBI regulations, SCRA provisions, and Secretarial Standards during the year. One legacy matter remains open — an SEBI adjudication order dated May 13, 2022 imposed a Rs. 7 lakh penalty on the company in connection with suspected shell companies, but its enforcement is stayed pending the Supreme Court's decision in Civil Appeal No. 4741 of 2021 (SEBI vs. Suzlon Energy). The company has no subsidiaries, no statutory auditor resigned during the year, and a minor 0.11% equity share transfer by way of gift within the promoter group was noted.
This is a routine annual regulatory filing with no new material event disclosed. The pending SEBI adjudication matter has been unresolved for several years and remains contingent on the Supreme Court outcome, so no immediate effect on shareholders or stock price is expected.