Submission of Annual Secretarial Compliance Report
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Karnavati Finance Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025 with BSE, as required under SEBI's LODR Regulation 24A. The report, issued by practicing company secretary Jitendra Parmar & Associates, confirms that the company has broadly complied with applicable SEBI regulations, secretarial standards, and corporate governance requirements during the review period. Two minor non-compliances were flagged: a 3-day late filing of the shareholding pattern for the quarter ended September 30, 2024, attracting a BSE fine of Rs. 6,000 plus GST, and a delayed XBRL submission of related party transaction disclosures for the quarter ended March 31, 2023, which attracted a Rs. 11,800 fine (a previously reported matter). The report confirms no director disqualifications, no SEBI or stock exchange actions beyond these fines, no subsidiaries, and timely conduct of board performance evaluations.
This is a routine annual compliance filing with no material impact on shareholders or the stock price. The penalties involved are negligible (Rs. 6,000 and Rs. 11,800) and both relate to minor, technical delays in regulatory submissions rather than any business or governance concern.