Annual Secretarial Compliance Report 31.03.2026
MBLINFRA · price
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MBL Infrastructure Ltd has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, issued by Practicing Company Secretaries Anjali Yadav & Associates. The report covers compliance with SEBI regulations including LODR, ICDR, SAST, PIT, and depository regulations. Two non-compliances were identified: (1) NRC composition violation from Aug 13-14, 2025 due to an independent director's tenure ending, attracting a fine of Rs. 12,360/- from each of BSE and NSE; (2) SRC composition violation from Aug 13-18, 2025, attracting a fine of Rs. 11,800/- from each exchange. The company paid both fines under protest but its waiver applications were rejected. Both committees were promptly reconstituted. No other significant non-compliances were observed. The statutory auditor resignation at material subsidiary SBTRCL was suitably addressed.
The company faced minor regulatory penalties totaling Rs. 48,320 (two fines from two exchanges) for committee composition gaps lasting 1-6 days. Issues were swiftly resolved, and the company maintains compliance going forward. This does not signal any fundamental governance weakness but highlights administrative oversight.