Submission of Secretarial Compliance Report for the FY 2024-25.
JINDALPOLY · price
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Jindal Poly Films Ltd has filed its Annual Secretarial Compliance Report for FY ended 31st March 2025, as required under SEBI's Listing Regulations. The report, prepared by DMK Associates, Company Secretaries, confirms that the company has complied with all applicable SEBI regulations, secretarial standards, and disclosure requirements during the year. The company incorporated a Wholly Owned Subsidiary on 13th November 2024 but made no investment in it, so no disclosure was triggered. Both BSE and NSE had earlier levied a small fine of Rs 6,000 each for late submission of the Annual Report under Regulation 34, which the company paid under protest. Both stock exchanges later fully reversed/withdrew these fines after reviewing the company's clarifications, with NSE doing so on 28 February 2025 and BSE on 12 March 2025.
The clean compliance report with no material non-compliances is a positive governance signal for shareholders. The reversed fines confirm no lasting penalty on the company, and the formation of a wholly owned subsidiary is a minor corporate action with no financial impact since no capital was deployed.