Pursuant to applicable provisons of Regulation 24A of SEBI (LODR) Regulations, 2015, we are enclosed herewith the annual secretarial Compliance Report for the Financial year march 31, 2026 ....
NECCLTD · price
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North Eastern Carrying Corporation Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary A. K. Friends & Co. The report confirms general compliance with SEBI regulations including LODR, PIT, and Depositories regulations. However, two non-compliances were identified: (1) delay in filing listing application for trading approval beyond the 7-day deadline due to a technical glitch, resulting in fines of Rs. 1,08,000 imposed by NSE and BSE; (2) inadvertent filing of equity shares allotment documents under wrong head at NSE, resulting in a fine of Rs. 11,00,000. The company has taken corrective action by filing waiver applications, with NSE granting partial waiver. The company paid Rs. 360,000 (balance after partial waiver) and filed revised applications in correct heads. No additional non-compliances were observed beyond these two instances.
The filing reveals minor procedural compliance issues related to filing timelines and categorization. While fines were imposed, partial waivers were granted and corrective actions taken. For shareholders, this indicates the company has some control weaknesses in regulatory filings but responded appropriately to regulatory notices. The matters remain under process, particularly a SAT application by promoters challenging a 2022-23 SEBI order.