We hereby submit Annual Secretarial Compliance report for financial year ended 31st March 2026.
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Lactose India Ltd has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2026, certified by Jajodia & Associates. The secretarial auditor confirmed compliance with most SEBI regulations including LODR, PIT regulations, and secretarial standards. The company maintains proper board processes and has no subsidiaries. However, BSE levied a fine of Rs 3,09,160 for non-compliance with Regulation 17(1A) regarding appointment/continuation of non-executive directors aged above 75 years. Management stated this penalty was for June-September 2024 quarters and confirmed adherence to regulations going forward. No auditor resignations or disqualification of directors were reported.
The filing reveals a past regulatory non-compliance regarding director age norms with an unpaid BSE fine, which signals weak governance monitoring. While management has committed to future compliance, investors should monitor if similar issues recur in upcoming disclosures.