Annual Secretarial Compliance Certificate for the year ended 31st March, 2026
KARMAENG · price
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Karma Energy Limited has filed its Annual Secretarial Compliance Report for FY 2025-26 (ended March 31, 2026) as required under SEBI Regulation 24A. The company disclosed several prior-period compliance deviations: (1) delayed shareholding pattern filing for Q2 FY 2025-26 by 2 days; (2) board composition non-compliances relating to Sep-24 and Dec-24 quarters due to temporary director vacancies and a director aged 75 continuing without special resolution; (3) a SEBI Adjudication Order imposing Rs. 2 lakh penalty for Related Party Transaction violations in FY 2023-24 (failure to update RPT policy and obtain prior shareholder approval for a material RPT with promoter group entity Tapi Energy Projects Ltd). Total regulatory fines across BSE and NSE amounted to approximately Rs. 13.86 lakh (including GST). All matters have been regularized, fines paid, and corrective measures implemented. For FY 2025-26, all RPTs received proper Audit Committee and shareholder approvals.
The company has resolved all compliance violations from prior periods with no continuing defaults as of the report date. Past fines and penalties have been paid. No action has been taken against promoters or directors. For investors, this indicates the company has strengthened its compliance framework, though a history of LODR violations may attract heightened regulatory scrutiny going forward.