Annual Secretarial Compliance Report for the Financial year ended March 31, 2026.
NEOGEN · price
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Neogen Chemicals has submitted its annual secretarial compliance report for FY2026, certified by practicing company secretaries DVD & Associates. The report confirms the company generally complied with applicable SEBI regulations, including LODR 2015, SAST 2011, PIT Regulations, and secretarial standards. However, one non-compliance was noted: the company failed to specifically mention Regulation 17(1A) in its special resolution for re-appointment of Prof. Ranjan Kumar Malik as Independent Director before he turned 75. This resulted in fines of Rs. 5.31 lakh each from BSE and NSE. The company subsequently obtained fresh shareholder approval via postal ballot specifically citing Regulation 17(1A) and paid the fines after their waiver request was rejected. A prior year observation regarding an 18-22 minute delay in RPT disclosure submission was also resolved with waived penalties.
The non-compliance is minor and already remedied. The company paid Rs. 10.62 lakh in total fines but has corrected the process gap. Shareholders can view this as routine regulatory compliance with no material impact on operations or financial health.