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Awaiting price reaction for this filing.
Kapil Raj Finance Limited submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, as required under SEBI's LODR Regulations. The Practicing Company Secretary confirmed that the company is largely compliant with SEBI regulations, secretarial standards, and listing obligations, and no penalty or action was imposed by SEBI or stock exchanges during the year. However, four significant non-compliance issues were flagged: (1) Independent Directors are not registered in the Independent Director database and have not cleared required exams, putting their eligibility in question; (2) Financial Statements and Annual Return for FY ending 31.03.2024, along with Annual Return for FY 2023, have not yet been filed with the Registrar of Companies; (3) Two Additional Directors appointed on 24.11.2022 have not been regularised and still show as Additional Directors; and (4) The company's main objects involve financing and hire-purchase activity, which requires NBFC registration with the RBI, but the company is not registered as an NBFC.
These compliance lapses — especially the missing NBFC registration, delayed financial filings, and ineligible Independent Directors — are serious red flags that could attract regulatory scrutiny and weaken investor confidence. Shareholders should monitor for follow-up filings or clarifications from the company to resolve these outstanding issues.