Annual Secretarial Compliance Report for the Year ended 31st March, 2025.
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Indian Sucrose Limited has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI LODR Regulations. The Practicing Company Secretary confirmed that the company generally complied with SEBI regulations and secretarial standards during the year. However, three instances of non-compliance were flagged with penalties imposed by BSE: a delay in submitting the Corporate Governance Report for FY2024 (fine of INR 1,20,351), a delay in submitting the half-year Corporate Governance Report ending September 2024 (fine of INR 56,640), and a 14-day delay in disclosing Related Party Transactions for the six months ended March 2024 (fine of INR 82,600). The company stated the delays were circumstantial and due to unavailability of key staff in accounts and finance, and has committed to taking extra precautions in the future.
Total penalties for FY25 review period amount to roughly INR 2.6 lakh, which is minor relative to the company's size but signals weaknesses in compliance and disclosure timelines. Shareholders should note repeated governance and filing lapses, which could attract further scrutiny from BSE/SEBI if not addressed.