KDDL · price
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Awaiting price reaction for this filing.
KDDL Limited filed its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI LODR Regulation 24A. The company is largely compliant across all areas including secretarial standards, policies, website disclosures, related party transactions, insider trading, and no SEBI or stock exchange actions were taken against it. However, the report flagged two non-compliances: the Audit Committee and Stakeholders Relationship Committee were not reconstituted promptly after Independent Directors ceased on August 6, 2024, and were only reconstituted on August 14, 2024. Both BSE and NSE have proposed fines of Rs 16,000 each (excluding GST) for each violation, totaling Rs 64,000. The company has submitted waiver applications to both exchanges, which are still under consideration.
Minor compliance lapse with negligible financial impact — total proposed fines of Rs 64,000 are immaterial and the company has already corrected the committee reconstitution and applied for waivers. No material governance red flags for shareholders, though the short delay in reconstituting key board committees is worth noting.