Please find enclosed the annual secretarial compliance report for the year ended March 31, 2025
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Modipon Limited submitted its Annual Secretarial Compliance Report for the year ended March 31, 2025, as mandated under Regulation 24A of the SEBI LODR Regulations, 2015. The Practicing Company Secretary, Ranjeet Verma & Associates, reviewed compliance with SEBI regulations, the Companies Act, the SCRA, insider trading rules, and related party transaction norms for FY25. The report confirms that the company complied with all applicable provisions, with no non-compliances, no director disqualifications under Section 164, and no actions taken by SEBI or stock exchanges during the review period. A footnote notes the company has been non-operational since 2007 and has 15% redeemable preference shares of Rs 100 each overdue for redemption since March 31, 1996, tied to a non-implemented scheme involving IndoFil Industries Limited.
This is a routine annual compliance filing and signals no fresh regulatory penalties or observations for FY25. However, the longstanding non-operational status and the 1996-overdue preference share redemption remain unresolved concerns for shareholders.