Annual Secretarial Compliance Report issued by Practicing Company Secretary
NINSYS · price
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NINtec Systems has filed its Annual Secretarial Compliance Report for FY25, prepared by M/s. Tushar Vora & Associates under SEBI Regulation 24A. The report confirms the company has complied with all applicable SEBI regulations and circulars during the year, with no new penalties, no SEBI or stock exchange actions, and no disqualified directors. Two minor procedural delays were noted: a media agency agreement intimation filed 2 days late (May 27, 2024 vs. agreement date May 24, 2024), and a CFO appointment intimation given on the same day with a few hours delay. The report also confirms that a prior BSE marking of SOD non-compliance related to UPSI handling has been fully resolved after remedial actions. The company has one material subsidiary (Nintec Systems B.V., Netherlands), and all related party transactions were approved by the Audit Committee and shareholders at the AGM on September 27, 2024.
This is a routine annual compliance filing that shows a clean record for FY25 with no material violations or penalties, which is mildly positive for governance perception. The previously flagged UPSI compliance issue with BSE has been cleared, though investors should note the small delays in event intimations indicate room for tighter disclosure timelines.