Pursuant to regulation 24(2) of SEBI LODR, 2015, submission of Annual Secretarial Compliance Report for Financial Year 2024-25.
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Munjal Showa Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report, issued by CS Arun Kumar of AKU & Associates, confirms overall compliance with SEBI regulations, with one deviation noted during FY25: delayed intimation of a Warning Letter from NSE (dated December 27, 2024) regarding disclosure of PAN details, which was eventually filed on January 07, 2025 due to the office being closed over the year-end period. The report also tracks three prior-year compliance issues, including fines paid for late related party transaction disclosures (₹5,900 each to BSE/NSE) and late voting results filing (₹11,800). The company has acknowledged past delays and committed to strengthening internal compliance mechanisms. Notably, the company is still in the process of framing a formal policy for determining 'material' subsidiaries.
This is a routine regulatory compliance filing with no material business impact. The single FY25 deviation is minor and explained by year-end operational closure. Past penalties (totalling under ₹25,000) have largely been paid, suggesting no lingering financial exposure for shareholders.