Annual Secretarial Compliance Report for Financial Year ended on March 31, 2025
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Kinetic Trust Ltd filed its Annual Secretarial Compliance Report for FY ending March 31, 2025, certified by M/s C Gaur & Associates. The company had a vacancy in the Compliance Officer role from January 31, 2024 to September 9, 2024 (about 7 months), violating SEBI LODR Regulation 6(1), for which BSE imposed fines of ₹90,860 and ₹73,160 (totalling roughly ₹1.64 lakh), both of which were paid. Promoter Mr. Rajesh Arora also delayed filing his annual encumbrance declaration under Regulation 31(4) of the SEBI Takeover Regulations, 2011. The company has since appointed Mr. Pankaj Kumar Gupta as Company Secretary/Compliance Officer and also appointed NSDL as its Designated Depository to address a prior insider trading compliance gap. All other key compliance areas — Secretarial Standards, board policies, website disclosures, related party transactions, insider trading, and director eligibility — were found to be in order.
The flagged issues are governance-related lapses (a long-vacant compliance officer seat and a delayed promoter disclosure) that have already been corrected with penalties paid. For shareholders, this signals weak continuity in compliance staffing but no material business or financial risk; the stock impact is expected to be negligible.