Submission of Annual Secretarial Compliance Report
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Laddu Gopal Online Services (formerly ETT Limited, BSE Scrip 537707) submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025 to BSE on May 30, 2025. The report flags 5 instances of non-compliance with SEBI LODR Regulations during the year, mainly related to improper board composition (lack of independent directors and a woman director), missing Nomination & Remuneration Committee, missing Stakeholders Relationship Committee, and absence of a qualified Company Secretary as Compliance Officer — mostly affecting the September and December 2024 quarters. BSE imposed total fines of about Rs. 16.10 lakh across these instances (Rs. 5.42 lakh + Rs. 2.17 lakh + Rs. 1.08 lakh + Rs. 5.25 lakh + Rs. 2.17 lakh), all of which the company has paid in full. The company has since corrected its board and committee structure and filed waiver applications for two of the fines, with status still pending. Overall compliance with secretarial standards, insider trading norms, related party transactions, and other SEBI requirements is confirmed.
This is a routine regulatory filing rather than a new material event. While past governance lapses were flagged and penalized, the company has paid all fines and corrected its board composition, reducing ongoing compliance risk for shareholders.