Submission of Annual Secretarial Compliance Report for the year ended 31st March, 2026
MUKTAARTS · price
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Mukta Arts Ltd has submitted its Annual Secretarial Compliance Report for FY ended 31st March 2026, filed by Practicing Company Secretaries M/s KDA & Associates. The report identifies two compliance violations: (1) a minor 3-day delay in informing stock exchanges about BSE rejecting the company's waiver request for a SOP fine—the email was received after business hours on a Friday and disclosure was made the following Monday; (2) a gap of approximately 6 months (7th February to 11th August 2025) when no Independent Director was on the board of the company's unlisted material subsidiary after Ms. Paulomi Romi Dhawan's resignation. Both issues have since been rectified. The report also notes that previous FY 2024-25 compliance failures regarding Board composition and Nomination & Remuneration Committee have been resolved, with fines of Rs. 1,73,460 each paid to BSE and NSE.
The violations are relatively minor administrative lapses rather than serious governance failures, and both have been addressed. Shareholders may view this neutrally—the company has demonstrated efforts to improve compliance practices but continues to face minor execution gaps in timely regulatory filings.