Annual Secretarial Compliance Report for the year ended 31st March, 2025
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Josts Engineering Company Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by M/s Akshay Gupta & Co., Company Secretaries, as required under SEBI LODR Regulation 24A. The company is largely compliant with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and board composition requirements. However, one non-compliance was flagged: the company failed to disclose pending GST litigation involving INR 55.89 Lakhs to the stock exchanges under Regulation 30 of SEBI LODR Regulations, 2015. The company has since reported this disclosure in its Q4 (ended 31st March 2025) Integrated Corporate Governance filing and committed to strengthening internal processes to ensure timely disclosures in future. No action has been taken against the company, its promoters, or directors by SEBI or stock exchanges during the review period.
Minor compliance lapse regarding delayed disclosure of a GST-related litigation, but the issue has since been rectified and reported. No penalty or regulatory action has been initiated, so the impact on shareholders is limited. Investors should note the company's commitment to improving its disclosure processes going forward.