Annual Secretarial Compliance Report for the financial year 2025-26
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Magnanimous Trade & Finance Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Practicing Company Secretary Krina Shah. The report confirms the company maintained compliance with all applicable SEBI regulations, including Companies Act 2013, LODR, and Insider Trading regulations. Two historical compliance issues were noted from prior periods: (1) delayed submission of consolidated financial results for Q1 June 2024 by 21 days, resulting in a BSE fine of Rs 1,23,900 (already paid); and (2) Board/Committee composition concerns under Regulations 17(1), 19(1)/19(2) & 20(2)/(2A) with a BSE fine of Rs 8,29,540, which the company contests as regulations were not applicable per Regulation 15 and has applied for waiver. The company also issued Bonus Equity Shares during the review period per SEBI ICDR. No current non-compliances or SEBI/Stock Exchange actions were observed during FY 2025-26.
Positive signal for shareholders as the company achieved full compliance during FY 2025-26 with no fresh regulatory violations. Historical fine disputes with BSE remain pending for resolution and may involve cash outflow if not waived.