NGLFINE · price
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Awaiting price reaction for this filing.
NGL Fine-Chem has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by practicing company secretary HSPN & Associates LLP. The report notes a few delays in regulatory filings during FY25: a 3-day delay in submitting the related party transactions disclosure under Regulation 23(9), attracting a Rs. 15,000 penalty from BSE/NSE, and a 58-day delay in intimating the stock exchanges about a revision in credit rating under Regulation 30(6), also attracting a Rs. 15,000 penalty. A SEBI settlement order dated 25 February 2025 was also disclosed, relating to a past violation of Regulation 31 (LODR), under which the company paid Rs. 54.42 lakh as settlement charges and three promoter entities (Mr. Rahul Nachane, Mr. Rajesh Lawande, and PCI Fermone Chemicals India Pvt Ltd) each paid Rs. 12.60 lakh. Other compliance items — insider trading norms, related party transactions, board composition, website disclosures, and subsidiary disclosures — were reported as generally compliant.
The penalties and delays mentioned are relatively minor and the SEBI settlement matter has already been paid and closed, so no fresh negative surprise is expected. Shareholders should note that the company has had recurring issues with timely stock exchange intimations, though overall governance standards are described as adequate.