Annual Secretarial Compliance Report for the year ended 31st March, 2025.
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Awaiting price reaction for this filing.
Nihar Info Global filed its Annual Secretarial Compliance Report for FY2024-25, prepared by M/s Surya Gupta & Associates. BSE levied a fine of Rs. 90,000 plus 18% GST for omission of quarterly figures in the PDF version of the September 2024 financial results, though the XBRL version was complete; the company rectified the error in early December 2024 and is disputing the penalty as unjustified. The Practicing Company Secretary also flagged several minor disclosure-timing delays: CFO resignation and appointment intimations made 1 day late (June 11 vs June 10, 2024), Regulation 74(5) depository certificate filed late in July 2024, annual report dispatch intimation made after actual dispatch, AGM scrutinizer's report filed late on October 3, 2024, GST registration intimations for Karnataka and Maharashtra delayed beyond 24 hours, and the June 2024 shareholding pattern filed 2 days late. All other compliance areas, including Secretarial Standards, policies, related-party transactions, insider trading, and director eligibility, were marked compliant. No SEBI or stock exchange enforcement actions beyond the BSE fine were noted.
Shareholders should note a pattern of delayed and incomplete stock-exchange disclosures, though all issues appear clerical or procedural rather than substantive. The disputed Rs. 90,000+ GST fine is small relative to the company, and the company is contesting it, so near-term impact on the stock is likely limited.