Secretarial Compliance Report for the year ended 31 March 2025
KIRLFER · price
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Kirloskar Ferrous Industries has filed its annual Secretarial Compliance Report for the year ended 31 March 2025, certified by practicing company secretary Mr. Mahesh J. Risbud. The report flags two minor instances of delayed redressal of investor grievances beyond the 21-day limit under SEBI LODR Regulation 13(1), for which BSE levied fines of ₹3,540 and ₹2,360 — both paid on time, with reasons noted to the Board. It also notes that the company, classified as a large corporate, did not raise incremental borrowings through debt securities during the year as required by an SEBI circular, but complied by giving a one-time explanation in its FY24 annual report. All other compliance areas — secretarial standards, insider trading, related party transactions, disclosures, policies, website updates, and board performance evaluations — were reported as fully complied with. No action was taken by SEBI or stock exchanges against the company during the year.
This is a routine annual compliance filing with no material red flags. The fines involved are negligible (under ₹6,000 combined) and relate to minor administrative delays in grievance handling. Shareholders should note the company is fully compliant on all major SEBI requirements, including insider trading and related party transactions.