Secretarial Compliance Report of the company for the year ended on March 31, 2025.
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Natural Biocon (India) Ltd filed its annual Secretarial Compliance Report for FY 2024-25, which identifies several compliance gaps. The company did not publish quarterly/yearly financial results in newspapers, delayed the Reconciliation of Share Capital Audit Report (fine of ₹59,000), delayed the Integrated Governance Filing for Dec 2024 (fine of ₹2,360), and submitted its annual secretarial report one day late. Its website was not updated as required under SEBI Regulation 46, and registers and minutes books were not fully updated under Secretarial Standards SS-1 and SS-2. Statutory auditor Mr. Sanket Shah resigned on Feb 14, 2025, and M/s Mayur Shah & Associates was appointed to fill the casual vacancy. The company also failed to disclose to BSE the withdrawal of two large preferential share issues meant for acquiring stakes in Western Agrotech Innovative Ltd and Trendytactics Marketing Pvt Ltd, which is a Regulation 30 disclosure lapse.
Multiple compliance lapses and minor BSE fines highlight weak governance and disclosure practices, which may concern investors. The undisclosed withdrawal of large preferential share issuances (involving several crore shares) raises transparency concerns and could attract further regulatory scrutiny.