Magnum Ventures Limited has informed the Exchange regarding 'Secretarial Compliance Report'.
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Magnum Ventures Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, certified by Practicing Company Secretaries Munish K Sharma & Associates LLP. The report examines compliance with SEBI regulations including LODR, ICDR, SAST, PIT, and others. The company has reported NIL deviations during the review period with all 13 compliance checkpoints marked as satisfactory. However, a prior SEBI order dated May 31, 2023 imposed a penalty of Rs. 12 lakh on the company and Rs. 54 lakh on directors/KMPs under sections 15HA and 15HB of the SEBI Act, along with a one-year market access restraint. The company has deposited the penalty amount and appealed to the Hon'ble Securities Appellate Tribunal (SAT), with the next hearing scheduled for July 7, 2026.
The company has demonstrated clean regulatory compliance for FY 2025-26. The pending SEBI matter from 2023 remains unresolved and could create investor uncertainty ahead of the July 2026 SAT hearing, though the penalty has been deposited as directed.