Submission of Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025 (2024-25).
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Maximus International Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by H. M. Mehta & Associates, Practicing Company Secretaries. The report confirms overall compliance with SEBI regulations and listing obligations, but flagged two instances of late filing with BSE. First, the listing application for 17,50,000 equity shares allotted on 9 April 2024 was submitted on 3 May 2024 — a 4-day delay — attracting a fine of Rs 80,000 plus 18% GST (Rs 94,400 paid). Second, the trading approval application was filed 6 days late in September 2024 after warrant conversions, attracting a fine of Rs 1,20,000 plus 18% GST (Rs 1,41,600 paid). A minor deviation from Secretarial Standard SS-1 regarding a circular resolution for bank borrowing was also noted. Total fines paid amount to approximately Rs 2.36 lakh.
This is a routine regulatory compliance filing with no material business impact. The fines are small relative to typical corporate operations and have already been paid. No action was taken against promoters or directors, and the company remains compliant overall.