Annual Secretarial Compliance Report for the year ended 31.03.2025
MERCANTILE · price
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Mercantile Ventures Ltd has filed its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI LODR Regulation 24A. The report, issued by practicing company secretaries KRA & Associates, confirms the company is broadly compliant with SEBI regulations, secretarial standards, insider trading rules, related party transaction norms, and disclosure requirements. Two minor historical deviations were flagged: (1) 0.22% of promoter shares (held by First Leasing Co. of India Ltd, which is under liquidation) could not be dematerialised — no fine; and (2) a delayed filing under SAST Regulation 10(7) from FY 2019-20, which led to a SEBI administrative warning letter — no monetary penalty, and the company has since complied with SEBI's directions. No additional non-compliances were observed during the review period. All board policies, director eligibility, subsidiary disclosures, and event-based disclosures are reported as in order.
This is a routine annual compliance filing with no new penalties or material regulatory actions against the company. Shareholders should note two legacy items — one explainable by a promoter's liquidation status and another an old warning letter already complied with — but nothing that materially affects operations or stock price.