Annual Secretarial Compliance Report for the year ended March 31, 2025
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Landmarc Leisure Corporation filed its Annual Secretarial Compliance Report for FY25, reviewed by NVB & Associates. The company complied with most SEBI LODR regulations but had multiple delays in submitting quarterly compliance certificates, shareholding patterns, and Reconciliation of Share Capital Audit reports across several quarters. Two key non-compliances persist: Independent Directors are still not registered on the Independent Directors Data Bank, and PAS-6 has not been filed for 2,54,000 Cumulative Redeemable Preference Shares of Rs.100 each (issued in January 2023) which are neither listed nor in demat form. The company's shares remain suspended from trading on the stock exchange, though it has now paid the outstanding listing fees of Rs. 6.79 lakh.
This is a routine annual compliance filing but flags multiple governance gaps, including ongoing non-compliance on preference share reporting and director registration, along with a continuing trading suspension — all of which are negative signals for shareholders and reflect weak compliance discipline.