Annual Secretarial Compliance Report for the Financial Year ended 31.03.2026
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Midland Polymers Limited has filed its Annual Secretarial Compliance Report for FY 2025-26 under SEBI regulations. The secretarial auditor examined compliance across multiple SEBI regulations including LODR, ICDR, SAST, PIT, and others. One minor non-compliance was identified: the company inadvertently failed to disclose the resignation of Ms. Vanaja Veeramreddy from the Audit Committee (effective 04.08.2025) in the Integrated Governance Report for Q2 FY2025. BSE levied a fine of Rs. 80,240, which the company paid on 31.12.2025. A revised report was filed on 26.12.2025, and a waiver application was submitted on 22.01.2026. The Audit Committee remained properly constituted throughout. All other compliance requirements were met, including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms.
This is a routine compliance filing with minimal shareholder impact. The company identified and corrected one administrative oversight, paid the associated fine, and maintained proper governance structures. The waiver application outcome may marginally affect investor sentiment if rejected.