Annual Secretarial Compliance report for FY 2025-26.
KRIDHANINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kridhan Infra Ltd has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2026, prepared by Practicing Company Secretary Shravan A. Gupta. The report identifies three key non-compliances: (1) Board composition violation under Regulation 17(1) - board strength fell to 4 directors below the minimum requirement of 6, due to resignations of Mr. Mahadev Deshpande (Aug 2025) and Mr. Rishiraj (Jan 2026), attracting fines of Rs 11.5 lakh plus 18% GST each from BSE and NSE; (2) Failure to appoint a qualified company secretary as compliance officer under Regulation 6(1), fined Rs 8,000 plus GST each; (3) Failure to file Q2 September 2025 limited review report due to the sudden demise of the auditor, fined Rs 55,000 plus GST each. The company states it has since regained compliance with Regulation 17(1) from January 6, 2026 as it falls outside the top 2000 listed entities. Several historical non-compliances from previous periods were also noted including delayed CFO appointment (49-day delay) and website maintenance gaps.
The filing reveals ongoing governance challenges with total fines exceeding Rs 23 lakh plus GST, though the company has paid penalties and claims compliance has been restored. The reliance on financial stress as justification for non-compliance may concern investors about the company's operational stability.