Annual Secretarial Compliance Report for the year ended 31.03.2025
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Awaiting price reaction for this filing.
Maruti Infrastructure filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. A practicing company secretary reviewed the company's adherence to SEBI regulations, circulars, and Secretarial Standards. The company was found compliant across most areas including board policies, related party transactions, insider trading norms, website disclosures, and director eligibility. One non-compliance was flagged: the company did not submit its consolidated assets, liabilities, and cash flow statement for the quarter ended September 30, 2024 within the timeline under Regulation 33, because it had disinvested its subsidiary on August 13, 2024. BSE imposed a fine of Rs. 64,900 for this delay, but the company has applied for a waiver and subsequently uploaded the results in XBRL format.
Minor compliance lapse with a small fine (Rs. 64,900), unlikely to materially affect the stock price. The issue arose due to a subsidiary disinvestment, has been addressed with a late filing, and the company is awaiting waiver from BSE.