On a voluntarily basis and as part of good corporate governance practices submitting the Annual Secretarial Compliance Report for the financial year ended 31st March, 2025 in the spirit ....
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Machhar Industries Ltd has voluntarily submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2025, as per SEBI's Listing Regulations. The Practicing Company Secretary, Ganesh Palve & Associates, confirmed overall compliance with SEBI regulations covering insider trading, related party transactions, secretarial standards, and board performance evaluation. One minor procedural lapse was flagged: the company uploaded its Annual Report under the wrong tab on the BSE Listing Portal, attracting a fine of Rs. 4,000, which was promptly paid. The report also notes a change in statutory auditor, with M/s. Ashok R. Majethia & Co. appointed for a five-year term (till the 21st AGM in 2029), replacing the retiring M/s. Gautam N. Associates. No SEBI or stock exchange actions were taken against the company or its promoters during the review period.
This is a routine compliance filing with no material business impact. The minor BSE fine of Rs. 4,000 is negligible, and the auditor change follows the normal five-year rotation cycle, signalling stable governance with no significant regulatory concerns for shareholders.