Pursuant to Reg 24A of the SEBI (LODR) Regulations, 2015, Annual Secretarial Compliance Report for F.Y. 2025-26, is attached herewith.
MADHAVIPL · price
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Madhav Infra Projects Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by KH & Associates, Practicing Company Secretaries. The report shows the company broadly complied with SEBI regulations but identified three deviations: (1) Missing mandatory website disclosures under Regulation 46, for which the Stock Exchange issued an advisory and management stated most have been rectified, (2) A past board quorum violation from Q2 FY24-25 that resulted in an Rs 11,800 fine which has been paid, and (3) The trading window was not closed when the company disclosed receipt of Letters of Award for solar projects, which the management justified as ordinary course business not constituting Unpublished Price Sensitive Information. The auditors confirmed no directors are disqualified, related party transactions have proper approvals, and no SEBI actions were taken against the company.
The compliance report is largely positive with most SEBI requirements met. The website disclosure gaps and the trading window issue present minor regulatory concerns that investors should monitor for timely resolution.