Please find enclosed herewith the Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026.
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Nagpur Power & Industries Ltd has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2026, as required under SEBI Regulation 24A. The statutory auditor, M/s DSM & Associates, examined compliance with SEBI regulations including LODR, PIT, and takeover regulations. The report identifies two compliance deviations: delayed submission of Q4 FY2025 financial results (penalty Rs. 70,800 paid in July 2025) and Q2 FY2026 financial results (penalty Rs. 17,700 paid in December 2025). Both penalties were paid. The company otherwise complied with secretarial standards, board policies, website disclosures, director qualifications, and related party transaction requirements. This marks the second consecutive year with repeat delays in quarterly financial result filings.
While the company has paid the required penalties and is otherwise compliant with SEBI regulations, the recurring nature of quarterly filing delays raises concerns about operational reliability. Shareholders should note that the company has a pattern of missing regulatory deadlines, though no major governance red flags were identified in this review.