Annual Secretarial Compliance Report for the financial year ended 31 March 2025.
MPSLTD · price
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MPS Ltd has filed its Annual Secretarial Compliance Report for the year ended 31 March 2025, as required under SEBI's Listing Regulations. The report, prepared by R. Sridharan & Associates, confirms overall compliance with SEBI regulations, secretarial standards, and listing requirements. One non-compliance was flagged: the Nomination and Remuneration Committee (NRC) was not properly constituted from 30 October 2024 to 23 January 2025, after the tenure of certain Independent Directors ended, before being reconstituted on 24 January 2025. BSE and NSE each levied a fine of Rs. 1,48,680 for this gap, and the company has applied for a waiver. No additional non-compliances were observed.
This is a routine annual compliance filing with a minor, self-resolved governance lapse. The combined fine of about Rs. 3 lakh is immaterial to MPS Ltd's financials, and the waiver request limits any real impact on shareholders.