Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025
OMAXAUTO · price
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Omax Autos Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by DR Associates, Practicing Company Secretaries, as required under SEBI LODR Regulation 24A. The company is largely compliant with SEBI regulations, secretarial standards, and listing obligations — covering areas like board policies, website disclosures, insider trading, related party transactions, and event disclosures. One deviation was flagged for FY25: the company gave intimation of dividend declaration on July 25, 2024, only one clear working day before the board meeting on July 29, 2024, instead of the required two working days under Regulation 29(1)(e) of SEBI LODR. The report also details remedial actions taken on prior-year observations, which included late submission of AGM proceedings, incorrect board/audit committee composition (leading to NSE fines of INR 90,000 and INR 3,77,000), delayed postal ballot results filing, and certain intimation issues — all of which the management stated have been addressed or noted for future care.
This is a routine annual compliance disclosure with no material business or financial impact on shareholders. The minor procedural lapses and past fines (already paid) are administrative in nature and unlikely to affect the stock price.