Submission of Annual Secretaril Compliance Report for the financial Year ended 31st March 2026
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Lorenzini Apparels Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26 (ending March 31, 2026) as required under SEBI Regulation 24A. The secretarial auditor Anuj Gupta & Associates reviewed compliance across multiple SEBI regulations including LODR, ICDR, PIT, and Depositories regulations. The report states that the company has largely complied with applicable statutory provisions during the review period. Three historical deviations from previous years were noted: (1) a 5-month delay in lock-in requirement for convertible warrants under ICDR Regulations, (2) a delay in filing reclassification application under Regulation 31A, and (3) non-compliance with Board composition which attracted fines of Rs 1.10 lakh each from BSE and NSE. All three issues have been regularized and the company states it has strengthened its internal compliance monitoring. No new significant non-compliances were observed during the current review period.
The company has successfully addressed all prior regulatory non-compliances. The secretarial audit finding of overall compliance is a positive signal for investors, though the history of past delays and fines indicates governance execution gaps that investors should monitor going forward.