Megastar Foods Limited has informed the Exchange regarding 'Submission of Annual Secretarial Compliance Report for the Financial year ended March 31, 2025 in terms of Reg 24 (A) of SEBI (LODR) Reg 2015'.
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Megastar Foods has filed its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI's Listing Regulations. A Practicing Company Secretary confirmed the company is largely compliant with secretarial standards, board policies, related-party rules, insider trading norms, and disclosure requirements. The report does flag some past lapses from FY2023-24, including a 2-day delay in filing the prior year's secretarial compliance report (fine of Rs. 4,720 each from BSE and NSE, already paid) and delays in Q1 FY24 filings of investor complaints, corporate governance report, and shareholding pattern (cumulative fines of around Rs. 39,540 already paid). It also notes a related-party transaction matter under Regulation 23(1)/(4) that was settled with SEBI via a settlement order dated January 2, 2025, with the settlement amount already paid.
This is a routine annual compliance filing with no new material action. All past fines and the SEBI settlement have already been paid, so there is limited impact on shareholders or the stock price going forward.