Annual Secretarial Compliance Report of the Company for the year ended 31st March, 2026
MANAKSTEEL · price
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Manaksia Steels has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Practising Company Secretaries Bajaj Todi & Associates. The report confirms full compliance with applicable SEBI regulations including LODR, Takeover Regulations, Insider Trading, and Depositories Regulations. One prior-year non-compliance regarding the appointment of a Non-Executive Independent Director aged above 75 years (Regulation 17(1A)) was resolved — a fine of Rs. 1,51,040 each was imposed by BSE and NSE after rejecting the company's waiver application; the company paid the fines in March and April 2026 after obtaining shareholder approval via special resolution in September 2024. No additional non-compliances were observed during the year under review, and no SEBI or exchange actions were taken against the company during this period.
The clean compliance report for FY 2025-26 with no new violations is a positive signal for investors. The resolution of the prior-year director age non-compliance through shareholder approval and fine payment removes a regulatory overhang. The stock carries no immediate compliance-related risk.