Annual Secretarial Compliance Report-31.03.2025
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National Plastic Technologies Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI LODR Regulation 24A. The report, certified by practicing company secretary P Muthukumaran & Associates, confirms overall compliance with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and timely disclosures. One issue was flagged: BSE imposed a fine of Rs 2 lakhs plus GST for non-appointment of a Chairman of the Board during 1 July to 9 August 2024 under Regulation 17(1) of SEBI LODR. The company clarified this was a technical error in the XBRL filing, and BSE has in-principle agreed to withdraw the fine. No other non-compliances or prior observations were noted.
This is a routine annual compliance filing and should have no material impact on shareholders. The withdrawn BSE fine of Rs 2 lakhs was minor and has been resolved, reflecting no significant governance concerns. The clean compliance report signals good corporate governance practices at the company.