Please find enclosed herewith Annual Secretarial Compliance Report of the Company received from DM & Associates Company Secretaries LLP, Practising Company Secretaries for the financial ....
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NHC Foods Ltd submitted its Annual Secretarial Compliance Report to BSE for FY 2024-25, certified by DM & Associates Company Secretaries LLP. The report flagged two compliance lapses: a 42-day delay in submitting Q2 (Sept 2024) financial results, attracting a Rs. 2,10,000 fine, and a 38-day delay in appointing the Company Secretary and Compliance Officer, attracting a Rs. 38,000 fine — both levied by BSE. The company has paid both fines and filed waiver applications which are currently pending, with management citing inadvertent delays and pledging stronger internal controls. All other compliance areas — secretarial standards, policies, related party transactions, insider trading, and disclosures — were confirmed compliant.
The fines are modest relative to company size and have already been paid, but repeated filing delays could raise governance concerns among investors. The pending waiver applications may reduce or recover the penalty amount if approved.