Submission of Annual Secretarial Compliance
INSECTICID · price
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Insecticides (India) Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by M/s. Akash Gupta & Associates, Company Secretaries, as mandated under SEBI LODR Regulation 24A. The report confirms overall compliance with SEBI regulations, secretarial standards, insider trading norms, and corporate governance requirements during the review period. One non-compliance was flagged: the company set the record date for its Buy-Back on September 11, 2024, which was less than 30 days after the previous record date of August 23, 2024 for the Interim Dividend, violating Regulation 42(4) of SEBI LODR. Both BSE and NSE imposed a fine of Rs. 10,000 plus GST each, which the company has paid. The company also initially shared an incorrect buy-back date, later corrected via a corrigendum due to a public holiday in Maharashtra.
Minor compliance lapse with a small fine of around Rs. 23,600 total (Rs. 10,000 + GST from each exchange) already paid; no material governance concerns and unlikely to affect the stock price.