Annual Secretarial Compliance Report for the year ended March 31, 2025.
NORTHARC · price
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Northern Arc Capital has filed its Annual Secretarial Compliance Report for FY25, certified by M Damodaran & Associates LLP. The company broadly complied with SEBI regulations, but had six instances of delayed or missed disclosures to BSE, mostly tied to Q1 FY25 results and prior intimation of board meetings. BSE levied total fines of approximately Rs. 4.46 lakh (including GST) under Regulations 50, 52, and 54 of SEBI LODR, which the company has already paid. The management attributed the delays to the ongoing IPO process during that period. The report also confirms compliance with secretarial standards, insider trading rules, related party transactions, and other SEBI requirements.
These are minor procedural lapses with no material financial or operational impact — the fines are small and already settled. Shareholders need not worry; the filing shows the company is largely compliant but had brief delays during its IPO transition.