Annual Secretarial Compliance Report for the year ended 31.03.2025
MAHASTEEL · price
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Mahamaya Steel Industries filed its Annual Secretarial Compliance Report with BSE and NSE on 26 May 2025, covering SEBI regulation compliance for FY2024-25, as required under Regulation 24A of SEBI LODR. The Practicing Company Secretary found the company largely compliant across key areas including secretarial standards, policies, website disclosures, related party transactions, insider trading rules, and event disclosures. One minor non-compliance was flagged: the company omitted the 'Dividend Distribution' agenda item from the prior intimation sent on 20 May 2024 for the board meeting held on 27 May 2024 (which considered Q4/FY24 audited results). NSE levied a fine for this lapse (amount figures partially unclear in source document; reference to ~Rs. 25,000), which the company has since paid and complied with. No directors are disqualified, no subsidiaries exist, and no other regulatory actions were taken during the year.
This is a routine annual compliance disclosure with no material impact for shareholders. The single non-compliance was a technical/clerical omission regarding agenda disclosure, already rectified with the penalty paid, indicating generally sound governance with one minor administrative lapse.