Submission of Annual Secretarial Compliance Report for the year ended 31-03-2025
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Martin Burn Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, reviewed by T. Chatterjee & Associates, Practicing Company Secretaries. The company is listed on BSE (Scrip Code 523566) and Calcutta Stock Exchange, and the review found that the company has generally complied with applicable SEBI regulations, secretarial standards, and listing obligations. Key compliance areas such as director disqualification checks, insider trading, related party transactions, and website disclosures were marked as compliant. However, two notable points emerged: the company did not provide the disclosure required under Regulation 30 read with clauses 7 and 7A of Part A of Schedule III, and the statutory auditor was changed during the year. The previous auditor vacated office on 6 August 2024 due to failure to obtain peer review from ICAI, and M/s. SD & Associated was appointed as the new auditor at the AGM on the same date.
This is a routine regulatory filing with no major compliance penalties or SEBI actions against the company. The auditor change due to peer review failure is a minor governance item but the company has smoothly transitioned to a new auditor. Investors should note the missing Regulation 30 disclosure as a minor compliance gap, though overall no significant shareholder impact is expected.