Annual Secretarial Compliance Report for the year ended 31.03.2025
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Monotype India Ltd has filed its Annual Secretarial Compliance Report for FY ending March 31, 2025, as required under SEBI LODR Regulation 24A. Practicing Company Secretary Suprabhat Chakraborty certified that the company generally complied with applicable SEBI regulations during the review period. However, the report highlights four prior non-compliance instances where BSE and MSEI imposed fines — ₹10,502 for a vacant Compliance Officer position for over three months, ₹11,800 for late submission of FY23 financial results, ₹35,400 for delayed filing of the half-yearly Related Party Transaction Report (ended 30.09.2023), and ₹35,400 for late submission of the previous year's Annual Secretarial Compliance Report. The company attributes some delays to having undergone a Corporate Insolvency Resolution Process (CIRP) via NCLT Mumbai, and has since filled the Compliance Officer position and filed waiver applications or paid the penalties. Current-year compliance checks across secretarial standards, policies, website disclosures, insider trading norms, and related party transactions are marked as compliant, with no new auditor changes or SEBI action noted during the review period.
Shareholders should note the company's history of stock exchange fines and filing delays, though the latest report indicates current compliance across key areas. The past CIRP episode remains part of the company's regulatory record, but active corrective steps (waiver applications, penalty payments, key appointments) suggest the company is working to regularize its compliance standing.