Submission of Annual Secretarial Compliance Report for year ended 31st March 2025
LT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
L&T has submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2025, as required under SEBI's Listing Regulations. The report was prepared by secretarial auditor S. N. Ananthasubramanian & Co. and is dated 8th May 2025. L&T was found to be generally compliant with SEBI regulations, including Listing Regulations, Insider Trading norms, and Secretarial Standards. Two prior-year observations were addressed: a delayed intimation of a Rs. 3,500 crore NCD allotment (June 2023) and short-notice board meeting intimation for fund-raising, which drew fines from BSE and NSE that were paid in April 2024. During FY 2024-25, BSE levied a Rs. 5,000 plus GST fine on one of L&T's debt-listed subsidiaries for a delayed board meeting intimation. No additional non-compliances were flagged, and no directors are disqualified.
This is a routine annual compliance filing with no material governance red flags for shareholders. The minor regulatory fines mentioned are insignificant relative to L&T's scale and relate to procedural lapses already corrected.