Compliance-Reg 24(A)-Annual Secretarial Compliance Report for the March 2025
JYOTISTRUC · price
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Jyoti Structures Limited submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, as required under SEBI Regulation 24A. The Practicing Company Secretary confirmed overall compliance with SEBI regulations, including LODR, Insider Trading, and Secretarial Standards. However, the company faced penalties for two regulatory lapses: Rs. 11,800 each (total Rs. 23,600) from BSE and NSE for delayed prior intimation of a board meeting under Regulation 29, and Rs. 3,71,700 each (total Rs. 7,43,400) for delay in director appointment affecting Board Composition under Regulation 17(1A). All fines have been paid and the company has since rectified these issues. No directors were disqualified, no statutory auditor change occurred, and no prior-year observations remained pending.
The total fines of approximately Rs. 7.67 lakh are minor and already paid, so the direct financial impact on shareholders is negligible. However, the lapses around delayed board meeting intimation and delayed director appointment signal weak compliance discipline, which investors should track as a governance risk factor.