Annual Secretarial Compliance Report for the financial year ended 31st March, 2025.
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Modern Insulators Ltd has filed its Annual Secretarial Compliance Report for FY 2024-25 with BSE, as required under Regulation 24A of SEBI LODR Regulations. The practicing company secretary confirmed that the company has complied with applicable Secretarial Standards (SS-1 and SS-2), maintains proper policies, a functional website, and has no director disqualifications under Section 164. However, the report flagged a delay in submission of the Annual Secretarial Compliance Report for the previous year (FY ended 31st March 2024), for which BSE imposed a fine of Rs. 9,440 (Rs. 8,000 + 18% GST). The report also noted that past non-compliances relating to late shareholding pattern filing, director age-related rules, and NRC constitution have been addressed, with the company confirming it has now appointed a qualified Company Secretary as Compliance Officer.
This is a routine compliance filing that highlights minor regulatory delays and past lapses that have largely been corrected. While the fines are small, repeated compliance delays may be a concern for governance-sensitive investors, though management has committed to timely filings going forward.