Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 08 February, 2019, we hereby ....
MAZDA · price
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Mazda Ltd filed its Annual Secretarial Compliance Report for the year ended 31 March 2025, submitted by Rutul Shukla & Associates, Practicing Company Secretaries. The report flagged two non-compliance instances related to technical glitches in the XBRL filing of the September 2024 Corporate Governance Report, which led to fines from NSE and BSE: Rs 4,13,000 each (Rs 8.26 lakh total) for Regulation 17(1) relating to Board composition, and Rs 1,65,200 each (Rs 3.30 lakh total) for Regulation 19(1)/(2) relating to the Nomination and Remuneration Committee. The company paid both fines and subsequently filed waiver applications, which were approved by both exchanges. NSE has already refunded the full fine amount, while BSE's refund is still awaited. The company is otherwise fully compliant with all other SEBI regulations, secretarial standards, and disclosure requirements.
No material impact on shareholders — the flagged non-compliances were technical filing errors rather than actual governance failures, and all fines have been waived and refunded. The report confirms overall strong compliance standing.