ANNUAL SECRETARIAL COMPLIANCE REPORT FOR FINANCIAL YEAR 2024-25
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Mangalam Seeds Ltd filed its Annual Secretarial Compliance Report for the year ended 31st March 2025, prepared by Practicing Company Secretary Nayan Pitroda. The report flagged several non-compliances with SEBI regulations: delayed intimations to the stock exchange about trading window closures for June and September 2024 quarters; delays in maintaining entries in the Structured Digital Database for sharing unpublished price-sensitive information; failure to access the designated platform for freezing PAN of Designated Persons during trading window closures; and filing disclosures for auditor appointment (29/06/2024) and Company Secretary resignation (09/07/2024) in wrong format, with revised versions uploaded later in July and September 2024. The Company Secretary position was vacant for some time, with a new one appointed on 07/01/2025, attracting a BSE fine of Rs. 99,120. The Integrated Filing was also submitted in PDF instead of the prescribed format and was delayed by 5 days. No SEBI action was taken against the company.
Multiple procedural and disclosure-related non-compliances were identified, including a BSE-imposed fine of Rs. 99,120 for the Company Secretary vacancy. While none of the issues are financially severe, the cluster of compliance lapses around insider trading rules and disclosure formats may concern investors about the company's governance and regulatory adherence.