Pursuant to Reg 24A of SEBI (LODR) Reg, 2015 we enclosed herewith the Annual Secretarial Compliance Report duly issued by Mr. Pankaj S Desai, Practising Company secretary for the FY ending 31.03.2025.
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Kesar Petroproducts Ltd has filed its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, as mandated under SEBI LODR Regulation 24A. Practising Company Secretary Pankaj S. Desai certified that the company is generally compliant with applicable SEBI regulations, with no actions taken by SEBI or stock exchanges against it. One non-compliance was flagged: not all promoter shares are in dematerialised form — one promoter has 10 physical shares (reportedly lost) that still need to be dematerialised, and the company has asked the promoter to do so. The report also notes that on December 10, 2024, the company allotted 2,02,00,000 convertible warrants on a preferential basis to promoter and non-promoter categories at Rs. 18.80 per warrant. The company has no subsidiaries, no auditor resignations during the year, and all policies and disclosures were found to be in order.
This is a routine annual compliance filing with broadly clean findings, so it is unlikely to move the stock. The flagged demat issue involves only 10 lost physical shares and is minor. Investors should note the outstanding 2.02 crore warrants at Rs. 18.80, which if converted will lead to equity dilution.