Annual Secretarial Compliance Report FY 25-26
MCLOUD · price
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Magellanic Cloud Limited submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, prepared by Deep Shukla & Associates. The secretarial auditor confirmed compliance across 13 areas including secretarial standards, website disclosures, related party transactions, and insider trading norms. However, the report identifies 6 compliance deviations during the review period, all related to delayed regulatory filings with the BSE, resulting in cumulative fines. All fines have been paid by the company. The company has also applied for and received a waiver for one of the fines (Rs. 2,14,760 related to Nomination and Remuneration Committee composition), which was approved on November 12, 2025.
The company has a pattern of delayed regulatory submissions across multiple SEBI LODR provisions, resulting in Rs. 5,04,000+ in total fines paid. While all fines have been cleared, the recurring nature of delays signals weak compliance operations that investors should monitor.