Please find attached herewith the Annual Secretarial Compliance Report of the Company for the financial year ended 31st March, 2025 duly issued by M/s. Ritika Agrawal & Associates pursuant ....
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Mystic Electronics Ltd has filed its Annual Secretarial Compliance Report with BSE for the financial year ended 31st March 2025, as required under Regulation 24A of SEBI LODR Regulations. The report was prepared by Practicing Company Secretary Ritika Agrawal of M/s. Ritika Agrawal & Associates and signed by Managing Director Mohit Khadaria. The company is largely compliant with applicable SEBI regulations covering secretarial standards, policies, website disclosures, insider trading, related party transactions, and event disclosures. One minor procedural lapse was noted: the appointment of Independent Director Mr. Manaklal Agarwal was passed as an Ordinary Resolution instead of the required Special Resolution under Regulation 25(2A) of SEBI LODR, though it was still approved with 99.986% shareholder majority. No penalty or action has been imposed by SEBI or stock exchanges during the review period.
This is a routine annual compliance filing with no material negative action against the company. The only flag is a procedural technicality on the type of resolution used for an Independent Director's appointment, which carried overwhelming shareholder support but could attract scrutiny if repeated. For investors, there is no immediate impact on share price or operations.