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Awaiting price reaction for this filing.
Mangalam Seeds has responded to a non-compliance notice from BSE dated 29 August 2025. The non-compliance related to Regulation 20(2)/(2A) of SEBI LODR Regulations for the quarter ended 30 June 2025. The gap occurred because the tenure of Non-Executive Independent Directors expired in June 2025, leaving the Stakeholders Relationship Committee temporarily without the required composition. The committee was reconstituted effective 1 July 2025, and the company states it is now fully compliant. The board described the lapse as inadvertent, with no malafide intent, and committed to stronger monitoring going forward.
This is a routine procedural compliance update with no financial or operational impact. Shareholders should note the temporary governance gap has been closed, and there is no penalty, investigation, or enforcement action involved at this stage.