Pursuant to Regulation 24A of SEBI Listing Regulations, please find enclosed herewith the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2025, as issued ....
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NB Footwear has submitted its Annual Secretarial Compliance Report for FY25, signed by Practising Company Secretary Amita Saxena. The report flags two BSE-imposed fines that the company has already paid: Rs 10,000 for delay in giving prior intimation of a board meeting held on February 22, 2025, and Rs 30,000 for not submitting December 2024 quarter financial results within the 45-day deadline (blamed on the promoter's travel). Additional governance issues noted include a gap of over 120 days between two Audit Committee meetings (October 10, 2024 to February 22, 2025), failure to file ROC returns for director changes and postal ballot resolutions passed since December 2024, and no proper attendance records for board meetings. Most other areas — SEBI policy adoption, website disclosures, insider trading compliance, performance evaluation, and director disqualification checks — were found satisfactory.
The two BSE fines of Rs 40,000 combined are minor and already paid, but the broader governance gaps (missed ROC filings, audit committee meeting gap, absent attendance records) point to weak compliance discipline that retail investors may want to track. No impact on operations or financials is indicated.