KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. The report, prepared by practicing company secretary M/s. Santosh Senapati & Co, confirms overall compliance with SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements. One minor observation was flagged: the promoter and promoter group shareholding is not fully held in dematerialized (demat) form, with no penalty imposed and the company stating it is taking steps to address this. This is the first time the company is filing this report, as it crossed the required paid-up capital and net worth thresholds only recently.
No material negative impact on shareholders — the only deviation noted is a procedural one (partial non-demat promoter holding) with no fine or regulatory action. Investors should view this as a routine compliance filing with no business or valuation implications.