Annual Secretarial Compliance Report for the financial year ended 31st March 2025.
M&MFIN · price
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Mahindra & Mahindra Financial Services has submitted its Annual Secretarial Compliance Report (ASCR) for FY 2024-25, certified by KSR & Co Company Secretaries LLP. The company is broadly compliant with SEBI regulations covering listing, insider trading, takeover, debenture trustees, and other applicable rules. One minor non-compliance was flagged: a 1-day delay in giving advance intimation of the Record Date to the stock exchange in November 2024 under Regulation 60(2), resulting in a BSE fine of Rs. 20,000 plus GST. The company has applied for a waiver calling it an inadvertent lapse, with the final BSE decision still awaited. No other non-compliances, no SEBI actions, no director disqualifications, and no auditor resignations were reported during the year.
Overall a routine governance filing with no material concerns for shareholders. The single Rs. 20,000 fine is trivial in scale and the company has sought a waiver, so no meaningful impact on the stock price or shareholder value is expected.