Annual Secretarial Compliance Report for the Year Ended 31st March, 2025 as per Regulation 24(A) of SEBI (LODR) Regulations, 2015
JAIBALAJI · price
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Jai Balaji Industries has submitted its Annual Secretarial Compliance Report for FY 2024-25, reviewed by M/s MKB & Associates (Practicing Company Secretaries). The report confirms the company complied with SEBI regulations, secretarial standards, insider trading rules, related party transaction norms, and other LODR requirements during the year. Two minor non-compliances were flagged in Annexure 1: (1) delayed shareholder approval for appointing Mr. Rajendra Prasad Ritolia as an Independent Director (aged 75+), which attracted a fine of Rs. 92,000 each from NSE and BSE (paid under protest), and (2) late intimation to the stock exchange regarding the resignation of Senior Management Personnel Mr. Alok Pandey, filed 6 days after the event instead of within 24 hours; BSE raised a query which the company has replied to. No actions were taken against the company, its promoters, directors, or subsidiaries by SEBI or the exchanges.
The deviations are procedural and small in scale — combined penalties total only Rs. 1.84 lakh, and there are no material governance red flags. Shareholders are unlikely to see any meaningful impact on the stock price from this routine annual compliance filing.