Please find attached Annual Secretarial Compliance Report for the year ended March 31, 2026
IBULLSLTD · price
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Indiabulls Limited has submitted its Secretarial Compliance Report for the year ended March 31, 2026, audited by M/s Sukesh & Co. The company largely maintained compliance with SEBI regulations, though one regulatory violation was noted. NSE and BSE imposed a fine of Rs. 1,46,320 (including GST) for appointing Mr. Labh Singh Sitara as an Independent Director effective October 31, 2025, without obtaining prior shareholder approval as required under Regulation 17(1A) (directors above 75 years). The appointment was later ratified by shareholders in January 2026, and the fine has been paid. Additionally, a historical matter related to alleged insider trading violations by erstwhile Dhani Services Limited remains pending before the Supreme Court. All other compliance areas including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms were found satisfactory.
The filing shows minor regulatory non-compliance that has been rectified. The Rs. 1.46 lakh fine has been paid, and the company maintains general compliance with SEBI regulations. Shareholders should note that the historical insider trading matter involving erstwhile Dhani Services remains under legal proceedings, creating some regulatory uncertainty.