We are enclosing herewith the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2026, issued by M/s Mayank Arora & Co., Practicing Company Secretaries.
MANINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Man Industries (India) Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, conducted by Practicing Company Secretaries M/s Mayank Arora & Co. The report identifies one compliance deviation: the company had only 5 directors on its board between March 31, 2025 and November 13, 2025, violating Regulation 17(1)(c) which requires a minimum of 6 directors for top 2000 listed entities. This occurred after the resignation of Ms. Heena Vinay Kalantri on March 31, 2025. BSE and NSE jointly imposed fines totaling Rs. 7,96,500 (Rs. 3,98,250 each), which the company challenged before SAT. SAT granted a stay on the fines. The company subsequently appointed Ms. Esha Padmanabhan Achan as Additional Independent Director from November 13, 2025, and her appointment was regularized by shareholders in February 2026. The report also notes multiple pending SEBI matters (from 2014 and 2022 orders) currently sub-judice before SAT and Supreme Court.
The board composition issue has been rectified with the new director appointment. However, pending SEBI legal matters and fines pose some regulatory risk. The compliance deviation itself is historical and resolved.