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Morarka Finance Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI Regulation 24(A). The report, issued by Practicing Company Secretaries VKM & Associates, confirms that the company complied with applicable SEBI regulations, secretarial standards, insider trading rules, and disclosure norms during the year. One non-compliance was flagged: the company did not have a regular chairperson for its Stakeholder Relationship Committee (SRC) for the quarter ended September 2024, after Mr. B J Maheshwari's tenure ended on September 23, 2024. BSE imposed a fine of Rs. 14,160 for this lapse, which the company paid on December 10, 2024, and also filed a waiver application on December 20, 2024. No actions were taken by SEBI or stock exchanges against the company, its promoters, or directors during the review period.
This is a routine annual compliance filing with no material impact on shareholders. The single non-compliance was a minor governance lapse resulting in a small fine (Rs. 14,160) that has already been paid, indicating the company remains in overall good regulatory standing.