ANNUAL SECRETARIAL COMPLIANCE REPORT FOR FY 2025-2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Market Creators Ltd has filed its annual secretarial compliance report for the year ended 31 March 2026, reviewed by Practicing Company Secretary Heena Patel. The report reveals multiple regulatory non-compliances despite general adherence to SEBI regulations. Key violations include failure to appoint an independent director (Regulation 17(1)) with compounding application filed with BSE, improper constitution of Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The company also delayed filing voting results of its General Meeting beyond the deadline. Significant fines were imposed totaling over Rs 4.28 lakh plus GST across multiple regulations. Most fines remain partially paid. The company did comply with secretarial standards, related party transaction requirements, insider trading norms, and maintains proper document preservation. No SEBI actions or statutory auditor resignations were reported during the period.
The multiple compliance failures and unpaid portions of fines indicate weak corporate governance at Market Creators Ltd. Shareholders should note that the company has ongoing regulatory non-compliances with its board composition and key committees not properly constituted, which may attract further action from BSE and could negatively impact investor confidence.