Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025
LLOYDSME · price
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Lloyds Metals and Energy Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary certified compliance across secretarial standards, policies, website disclosures, related party transactions, insider trading, and other SEBI regulations. One non-compliance was flagged: Regulation 43(A), relating to non-disclosure of the Dividend Distribution Policy in the FY 2023-24 Annual Report, for which BSE imposed a penalty of Rs 25,000 plus GST on 21st October 2024. The Board acknowledged the fine and committed to exercising greater care in future compliance. Previous non-compliances (relating to prior approval for appointing a director over age 75) have since been rectified.
The filing is largely procedural and routine, confirming the company meets SEBI's listing compliance requirements. The Rs 25,000 penalty is minor and has already been disclosed, so it is unlikely to materially affect the stock price. Investors may take note of recurring minor compliance lapses but the company has shown corrective action.