Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2026
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Kamadgiri Fashion Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary M/s HD And Associates. The report states the company has generally complied with applicable SEBI regulations, Secretarial Standards, and maintains proper Board processes. However, two current-year non-compliances were noted: delayed compliance under Regulation 29(2)/29(3) causing BSE to freeze promoter shareholding (July 2025), and non-compliance with minimum Board meeting requirements under Regulation 17(2) (June 2025). The company paid fines of Rs 10,000 each (plus GST) for these violations, and the shareholding freeze was subsequently revoked. Three historical non-compliances from June 2022 regarding Board composition, Audit Committee, and Nomination & Remuneration Committee (totaling Rs 7.49 lakh in fines) were also reported as resolved.
While the company has resolved all past non-compliances and the current-year issues are minor (Rs 20,000 in fines), the pattern of governance-related violations from 2022 and repeat non-compliance in FY 2025-26 may signal weak internal controls. Shareholders should note that the company has assured future compliance and no ongoing regulatory actions exist.