Please find the enclosed herewith Annual Secretarial Compliance Report of the company for the financial year ended on 31st March,2025
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Last Mile Enterprises Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25 to BSE, prepared by M/s A. Shah & Associates, Practicing Company Secretaries. The report flags six ongoing non-compliances: 100% dematerialized holding of promoter/promoter group not achieved (one promoter still holds physical shares), RTA details not updated on BSE website, and delays of 1-3 days in submitting Monitoring Agency reports for Sep 2024, Dec 2024, and March 2025. It also notes that less than half the board comprises independent directors, violating Regulation 17(1)(b). The company has paid BSE fines totaling around Rs. 13,570 for earlier non-redressal of investor complaints and claims to have taken corrective measures for prior delays in financial results filings. Compliance is confirmed for secretarial standards, insider trading, related party transactions, policies, website disclosures, and director disqualification checks.
This is a routine compliance filing, but it reveals repeated governance weaknesses — promoter holding not fully dematerialized, board composition shortfall, and recurring filing delays. Shareholders should note the ongoing non-compliances and modest fines already paid, though management says corrective steps have been taken. No material financial impact, but signals weak compliance culture that could attract further regulatory scrutiny.