Annual Secretarial Compliance Report for the financial year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jagan Lamps Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, issued by M/s. Mehak Gupta & Associates, Practicing Company Secretaries. The company is broadly compliant with SEBI regulations covering secretarial standards, board policies, website disclosures, related party transactions, insider trading, and director qualifications. However, BSE Limited has imposed a consolidated penalty of Rs. 85,22,397 (about Rs. 85.22 lakhs) via email dated May 5, 2025, for historical non-compliance during 2013-17 related to corporate governance filings (Reg 27/27(2)), shareholding pattern (Reg 31), financial results (Reg 33), and annual report (Reg 34). The company has stated it plans to seek a review of the BSE decision or take suitable remedial action.
The penalty of around Rs. 85 lakhs is material for a small-cap company and relates to legacy compliance lapses from 2013-17 rather than current operations. Shareholders should note the company's intent to contest it; otherwise, the current-year compliance status is clean with no disqualifications or pending SEBI actions.