Pursuant to the regulation 24A of SEBI(LODR) Regulation, 2015, we are enclosing herewith Annual Secretarial Compliance Report dated 24/05/2025, issued by R.K. Jain & Associates, Practicing ....
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Modern Threads (India) Limited has submitted its Annual Secretarial Compliance Report for FY ended 31st March 2025, prepared by R.K. Jain & Associates, Practicing Company Secretaries. The report confirms the company is compliant with SEBI (LODR) Regulations, 2015 on key items including Secretarial Standards, policy adoption and timely updates, website disclosures, director eligibility, document preservation, performance evaluation, related party transactions (with prior audit committee approval), Reg 30 event disclosures, and insider trading norms. No action was taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries during the year. The company has a wholly-owned subsidiary, Modern Woollens UK Limited, incorporated on 18 November 2024, and no statutory auditor resignations occurred. No fresh non-compliances were observed in the current review period. The report also references four prior-year (FY24) delays — in Q1 FY24 results submission, English newspaper advertisement, AGM voting results, and a letter to physical shareholders — for which management committed precautionary measures.
This is a routine annual compliance filing and signals no fresh regulatory issues. Shareholders can take comfort that the company is currently in good standing on SEBI listing requirements. The new UK subsidiary (Modern Woollens UK Ltd) is a notable development worth tracking for future business expansion.