Submission of Annual Secretarial Compliance report for the year ended 31st March 2025
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Mediaone Global Entertainment Ltd has submitted its Annual Secretarial Compliance Report for FY25 to BSE, as required under SEBI Regulation 24A. The Practicing Company Secretary flagged multiple non-compliances during the review period, including the Audit Committee and Nomination & Remuneration Committee not being properly constituted for the quarters ended September 2024 and December 2024, which attracted BSE fines of Rs. 2.17 lakh per quarter. The company also paid Rs. 5,900 fines twice for delaying submission of financial results beyond the 30-minute window from the conclusion of board meetings. Other issues include the company's website not being updated in a timely manner, some SEBI policies not being fully aligned with current regulations, a pending related-party transaction disclosure on a consolidated basis, and a newly appointed independent director (Mr. Vijaya Kumar Swaminathan, January 2025) who has not yet received shareholders' approval. Most listed fines have been paid, with corrective measures promised for the future.
The report highlights repeated governance and compliance lapses — multiple BSE fines for committee composition and delayed disclosures — which may raise concerns among investors about the company's corporate governance standards and could weigh negatively on stock sentiment.