Annual SecretarialCompliance Report for the Financial Year 2024-2025
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Indian Infotech & Software Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, signed by Practicing Company Secretary CS Brajesh Gupta. The report confirms that the company is in compliance with applicable SEBI regulations, circulars, and guidelines, with no new observations, deviations, or penalties during the review period. All key compliance areas — including Secretarial Standards, board policies, website disclosures, director qualifications, related party transactions, insider trading norms, and event disclosures — were marked as compliant. A prior FY 2023-24 observation (board meeting intimation issued 4 days late) was resolved by paying a fine of Rs. 11,800 (including GST) to BSE. The report also notes that the company fully utilized Rs. 4,183.25 lakhs raised through a rights issue in FY 2023-24 (26.14 crore equity shares at Rs. 1.60 per share) during FY 2024-25.
A clean compliance report with no fresh penalties signals sound governance and is mildly positive for investor confidence. Full deployment of the rights issue funds is a constructive indicator of capital discipline.