Submission of Annual Secretarial Compliance Report for the year ended on March 31, 2026.
KOTYARK · price
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Kotyark Industries has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The company was audited by Practicing Company Secretary M/s. Mittal V. Kothari & Associates. Overall, the company is largely compliant with SEBI regulations, but two deviations were noted involving a Designated Person, Mr. Manojkumar Pannalal Shah. First, he failed to disclose trades exceeding Rs 10 lakh within the mandated 2 trading days (shares worth Rs 14.6 lakh bought on Feb 18, 2026). Second, he executed a contra trade by selling shares within 6 months of purchase (bought 6,100 shares on Feb 17 and sold 16,700 shares on March 5, 2026). The company has cautioned the individual and issued warnings. A previous year non-compliance regarding delayed dividend intimation was already addressed—the company paid a Rs 10,800 penalty to NSE in June 2024 and strengthened its monitoring systems. The company's equity shares migrated to the NSE and BSE Main Board on March 12, 2026.
Minor compliance concerns flagged but no material impact expected. The violations involve procedural lapses by a designated person rather than systemic failures, and the company has taken corrective action. The Main Board migration indicates improving corporate governance standards.