Reg- 24(A) - Annual Secretarial Compliance.
NIPPOBATRY · price
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Indo National Ltd (NIPPO BATRY) submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI LODR Regulations. The report, prepared by M Damodaran & Associates LLP, confirms that the company has generally complied with applicable SEBI regulations, circulars, and guidelines during the review period. One notable compliance issue was flagged: BSE levied a fine on November 21, 2024 for non-compliance with Board composition rules (failure to appoint a woman director under Regulation 17(1) of SEBI LODR for the quarter ended September 30, 2024). This fine was subsequently withdrawn on December 6, 2024 after the company provided clarification and filed a revised Corporate Governance Report. Additionally, M/s. Kineco Limited ceased to be a material subsidiary effective June 6, 2024. No other non-compliances were observed by the Secretarial Auditor.
This is a routine annual compliance filing and is largely procedural in nature. The resolved BSE fine episode indicates a brief governance lapse regarding board composition that has since been corrected, with no lasting penalty or material consequence for shareholders.