Please find enclosed herewith the Annual Secretarial Compliance Report for the Financial Year ended March 31, 2025.
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Nagpur Power & Industries Ltd has filed its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI's Listing Regulations. The report, issued by DSM & Associates (Company Secretaries), found that the company is broadly compliant with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and disclosure requirements. However, two instances of non-compliance were flagged under Regulation 33 — both related to delayed submission of Q4 FY24 (March 31, 2024) financial results, attracting penalties of Rs. 1,71,100 and Rs. 41,300, which have already been paid. A prior-year non-compliance regarding the delayed appointment of a Company Secretary (Sept 2023–March 2024) was also noted, with the penalty already paid and no recurrence since.
The two penalties are relatively small and have been paid, so the direct financial hit is minor. However, repeated late submission of quarterly results is a governance red flag that may concern investors monitoring compliance quality. No new material non-compliances were reported for FY25, which is mildly reassuring.