Compliance-Reg. 24(A)-Annual Secretarial Compliance
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Mukesh Babu Financial Services Ltd has submitted its annual Secretarial Compliance Report for FY 2025-26 (ending March 31, 2026) to BSE. The report, issued by peer-reviewed practicing company secretary V. V. Chakradeo & Co., covers the company and its material unlisted subsidiary Mukesh Babu Securities Limited. All 13 compliance parameters were marked as compliant, including secretarial standards, board processes, website disclosures, related party transactions, and insider trading norms. The report notes one prior minor issue: a Rs. 2,000 fine imposed by BSE in November 2024 for an inadvertent reporting error regarding the Stakeholder Relationship Committee chairman for one day (September 30, 2024). The company has filed for a waiver of this fine, claiming the appointment was made but not properly reported in the Corporate Governance form. The waiver application remains pending with BSE's Listing Operations team as of the report date.
The filing indicates the company maintains good regulatory compliance overall, with only a minor administrative reporting issue. The pending fine waiver request with BSE represents a minor regulatory matter but does not indicate any material compliance failures.