Please find attached file Annual Secretarial Compliance report under Regulations for the year ended 31St March 2025
KANANIIND · price
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Kanani Industries Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report was certified by Deep Shukla & Associates, Practicing Company Secretaries. The company is broadly compliant on key areas like secretarial standards, insider trading, related party transactions approval process, board performance evaluation, and director disqualification checks, with no disqualifications or SEBI actions reported. However, the report flags several past non-compliances including late submission of unaudited/moderately late Related Party Transaction details for the quarter ended March 2024, late filing of integrated financial results for the December 2024 quarter, and clarification letters sought from NSE/BSE on composition of the Nomination and Remuneration Committee. The company was levied a fine of Rs. 64,500 (plus GST) by BSE for non-submission of RPT details and received warning/regret letters from exchanges for delayed filings.
While compliance is largely in order, the multiple instances of delayed filings and the Rs. 64,500 penalty indicate governance and disclosure hygiene weaknesses that retail investors should track. These lapses, though rectified with responses to exchanges, can weigh on the stock's credibility with institutional investors if recurring.