Pursuant to Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with relevant SEBI Circular(s), we are ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ISL Consulting Limited has filed its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The report reveals that the company failed to maintain the required strength of Independent Directors on its Board from September 25, 2024 to December 13, 2024. Due to this, the Audit Committee (Regulation 18) and Nomination & Remuneration Committee (Regulation 19) were not properly constituted during this period. BSE has levied fines of Rs. 5,22,560 for Audit Committee non-compliance and Rs. 4,30,700 for Board composition non-compliance. The company has since remedied these issues by appointing Mr. Vidhyesh G. Dalwadi as an Independent Director on December 13, 2024 (regularized on February 28, 2025) and reconstituting the committees. Additional minor lapses included failure to file trading window closure intimations and update KMP details on time.
The company had compliance lapses related to board composition during Q3 FY2024-25, resulting in BSE penalties. However, the company has since rectified these issues. The stock may face minor negative sentiment due to the compliance violations, though the remedial actions taken are positive. The penalties are relatively small amounts.