We hereby submit the Annual Secretarial Compliance Report pursuant to Reg 24(A) of SEBI Listing Regulations for the financial year ended March 31, 2025.
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The company has submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI Listing Regulations. Practicing Company Secretary P.S. Rao & Associates confirmed the company is generally compliant with SEBI regulations, secretarial standards, insider trading norms, and listing disclosures. Two regulatory queries from SEBI (Feb 5, 2025) and NSE (Feb 6, 2025) about deviation in IPO proceeds usage and interim use of net proceeds were received, but the company has replied to both and no further action or penalty has followed. A prior FY24 non-compliance related to non-submission of the SDD (Structured Digital Database) certificate has been fully remediated, with the non-compliant tag already removed by BSE and NSE. No actions were taken by SEBI or stock exchanges against the company, its promoters, or directors during the year.
This is a routine annual compliance filing with no material adverse findings — the company has no active penalties or regulatory actions. Investors should note the resolved IPO proceeds usage query and the fully closed SDD compliance issue, both of which are minor and behind the company.