Annual Secretarial Complaince report for the F.Y. ended 31.03.2025.
KHAICHEM · price
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Khaitan Chemicals & Fertilizers Ltd has filed its Annual Secretarial Compliance Report for FY 2024-25, certified by M/s. Ritesh Gupta & Co., Company Secretaries. The report confirms overall compliance with SEBI (LODR) Regulations, Secretarial Standards, Insider Trading norms, and related party transaction rules. One non-compliance was flagged: the company appointed a non-executive director who had crossed 75 years of age without obtaining a special resolution, as required under Regulation 17(1A) of SEBI LODR. BSE and NSE each levied a penalty of Rs. 2,05,320 (total ~Rs. 4.10 lakh), which the company has already paid. No other action was taken by SEBI or stock exchanges, and there was no auditor resignation during the year.
This is a routine annual compliance filing with a minor governance lapse — a penalty of about Rs. 4.10 lakh total for not passing a special resolution before appointing a director above 75 years. The amount is small and already paid, so direct impact on shareholders is limited, but it signals the need for stricter board-level compliance processes going forward.