Ishan Dyes and Chemicals Limited has informed the Exchange about Annual Secretarial Compliance Report.
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Ishan Dyes and Chemicals Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as mandated under SEBI (LODR) Regulations. The report by Practicing Company Secretaries Kunal Sharma & Associates identified one non-compliance: the company failed to maintain half of its Board as Independent Directors as required under Regulation 17(1). A fine of Rs. 20,000 was imposed by BSE and NSE. The company has since complied with this requirement in the corresponding quarter. All other compliance areas including secretarial standards, policies, website disclosures, director disqualifications, document preservation, performance evaluation, related party transactions, and insider trading regulations were found satisfactory.
The reported non-compliance was minor and has already been rectified. The Rs. 20,000 fine is negligible. For shareholders, this filing indicates the company maintains generally good corporate governance with one past board composition issue now resolved.