KOTIC · price
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Kothari Industrial Corporation Limited has submitted its Annual Secretarial Compliance Report for FY 2025-2026 to BSE, as required under SEBI Regulation 24A. The report, issued by Practicing Company Secretary M/s. Santosh Senapati & Co., confirms that the company has largely complied with SEBI regulations including LODR, ICDR, SAST, and Insider Trading regulations. One recurring deviation was noted: promoter and promoter group shareholding is not fully dematerialized as required under Regulation 31(2). This issue was also present in the previous year's report. No penalty was imposed by the stock exchange. The company has taken steps to inform promoter group member Mr. N. Ravichandran to dematerialize his shares. The PCS has noted that the action taken by the company is satisfactory compared to the previous year. All other compliance requirements including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms were found to be in order.
The recurring dematerialization issue is a minor compliance concern but carries no immediate financial penalty. While the company is making efforts to address it, shareholders should note this as a governance monitoring item. No material impact on stock price expected as no fine was imposed.