Enclosing the Secretarial compliance Report by Secretarial Auditor for the year 2024-2025.
KCP · price
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KCP Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, certifying overall compliance with SEBI regulations. The auditor flagged minor lapses in corporate governance reporting: the Nomination & Remuneration Committee (NRC) composition was inadvertently under-reported in the September 2024 quarter (Mr. Harish Lakshman's name omitted), and changes to the NRC membership between the September and December 2024 quarters were not accurately reflected. The Risk Management Committee meetings exceeded the 210-day gap rule, with the company scheduling a meeting on 14 October 2024 to rectify this. Several independent directors (V.H. Rama Krishnan, Vijay Sankar, P.S. Kumar, M. Narasimhappa) ceased on 6 August 2024, and non-independent director Dr. Subba Rao Vallabhaneni on 2 August 2024. The company is in the process of upgrading its Structured Digital Database (SDD) system for insider trading compliance. No penalties, no SEBI or stock exchange actions, and no statutory auditor resignations were reported.
The compliance observations are procedural and have already been addressed by the company, with no fines or penalties imposed. This is a routine annual filing with no material negative impact on shareholders or the stock price, though it highlights minor governance reporting weaknesses that the company has acknowledged and corrected.