Regulation 24(A) - Annual Secretarial Compliance Report received from PCS - Geeta Canabar & Associates
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Lancer Container Lines Limited submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by Practicing Company Secretary Geeta Canabar & Associates. The review checked compliance with SEBI Act, SCRA, and various SEBI regulations including LODR, Insider Trading, and Takeover norms. The only non-compliance flagged was under SEBI LODR Regulation 33, where the company inadvertently forgot to attach the Impact of Audit Qualification PDF when submitting its May 2024 financial results. BSE imposed a fine of Rs. 1,40,000 (excluding GST) in June 2024, which the company has paid and rectified by submitting the required document. All other compliance areas — Secretarial Standards, board policies, website disclosures, director eligibility, related-party transactions, insider trading, and performance evaluations — were found to be satisfactory.
This is a routine annual compliance filing with no material adverse impact. The lone flag is a one-time, already-paid BSE fine (Rs. 1.4 lakh) for an inadvertent documentation lapse that has been corrected, so it is unlikely to move the stock or affect shareholders meaningfully.