Secretarial Compliance Report of the Company for the year ended 31.3.2025 as required under Regulation 24(A) of SEBI (Listing Obligations and Disclosure Requirements, 2015.
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KG Denim Limited has submitted its annual Secretarial Compliance Report for FY2024-25, prepared by MDS & Associates LLP, Company Secretaries. The company is broadly compliant with SEBI LODR Regulations on secretarial standards, policy adoption, related party transactions, insider trading, and board performance evaluation. However, several non-compliances were flagged: web-links in corporate governance reports do not redirect properly, and multiple fines were imposed by BSE and NSE during the year. Key penalties include Rs. 2,31,250 for non-compliance with Regulation 17(1) regarding board composition (missing independent directors), and smaller fines for non-compliance with Regulations 6(1) and 7(1) related to compliance officer and share transfer agent requirements. The company has no material subsidiaries and no changes in statutory auditors during the year.
The repeated fines — especially the significant Rs. 2.31 lakh penalty for inadequate board composition — highlight ongoing governance weaknesses that shareholders should monitor. While the company is largely compliant, the persistent issues with independent directors and website disclosures suggest room for improvement in corporate governance standards.