Annual Secretarial Compliance Report
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KCD Industries India Ltd has filed its Secretarial Compliance Report for the year ended 31st March 2026, prepared by Practicing Company Secretary M/s Agrawal Kushal & Associates. The report identifies multiple compliance failures: Secretarial Standards were not adopted in many instances, timely disclosures under Regulation 30 were not uploaded, and the company failed to maintain Structured Digital Database Software for insider trading compliance. The company also did not file periodic returns to BSE on time. Two specific violations are noted in Annexure A: delayed submission of Related Party Transaction disclosures under Regulation 23(9), and failure to appoint a new statutory auditor despite a vacancy created by the auditor's resignation. The auditor resignation was disclosed under Regulation 30, but the company has not filled the casual vacancy, violating Regulation 18 of SEBI LODR and Section 139 of the Companies Act. The management stated the auditor appointment is under process.
The company faces elevated regulatory risk due to multiple SEBI LODR and Companies Act violations. The unfilled statutory auditor vacancy is particularly concerning as it could lead to qualification of financial statements and potential penalties from BSE/SEBI. Delayed disclosures and poor compliance infrastructure may attract further regulatory scrutiny and negatively impact investor confidence.