We hereby submit the Annual Secretarial Compliance Report for the financial year ended 31st March 2025.
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Lactose India Ltd submitted its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary (Jajodia & Associates) reviewed the company's compliance with SEBI regulations and found it largely compliant across areas like secretarial standards, policies, website disclosures, related party transactions, insider trading, and performance evaluation. The company has no subsidiaries and no statutory auditor resignations to report. One non-compliance was flagged: under Regulation 17(1A), the company had an issue regarding the appointment or continuation of a non-executive director aged 75 years or older. BSE levied a fine of Rs. 3,09,160 for this during the June and September 2024 quarters. Management has committed to adhering to the regulation going forward.
This is a routine annual compliance filing with mostly clean results. The single fine of Rs. 3.09 lakh for the senior director age rule is minor and has been acknowledged, with management pledging future compliance. No material negative implications for shareholders; the stock is unlikely to react meaningfully to this disclosure.