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Awaiting price reaction for this filing.
Marble City India Limited filed its Annual Secretarial Compliance Report for the financial year ending 31 March 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary flagged several non-compliances: the company's website is functional but not up to date with compliance-related disclosures, and the web-links in the FY2023 Annual Corporate Governance Report do not redirect to the relevant documents. The resignation of the statutory auditor on 30 March 2024 was not disclosed to the stock exchange within prescribed timelines, and the disclosure lacked complete and accurate reasons as required under Regulation 30 read with Schedule III. Additionally, the resigning auditor did not issue the limited review report for the subsequent quarter (March 2024) before resigning, contrary to SEBI's Master Circular. The company is otherwise compliant with Secretarial Standards, insider trading norms, related party transaction approvals, and no action has been taken by SEBI or stock exchanges against it.
The flagged issues are largely procedural (website upkeep, disclosure timing and quality) rather than financial, so the direct impact on stock price is limited. However, it signals weaker compliance and disclosure hygiene that investors and regulators monitor closely.