Annual Secretarial Compliance Report for FY 2025-26
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NGL Fine-Chem Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26 as per SEBI Regulation 24A. The company largely complied with applicable SEBI regulations during the review period ending 31st March 2026. One deviation was noted: the company failed to intimate stock exchanges within the required timeframe regarding the cessation of Mr. Jayaram Sitaram as Non-Executive Independent Director due to completion of two consecutive terms under Regulation 30(6) of SEBI (LODR). The company has one wholly owned subsidiary classified as a material subsidiary. Previous year penalties (Rs. 15,000 fine for 3-day delay in RPT disclosure and delayed director cessation intimation from FY 2024-25) have been addressed with no recurrence during the review period. All other compliance areas including secretarial standards, policy updates, website disclosures, board evaluations, and related party transactions were found satisfactory.
This is a routine compliance filing with a clean outcome for shareholders. The noted deviation on director cessation intimation is minor with no monetary penalty imposed this time. The company has addressed prior year penalties showing improved compliance discipline.