Please find enclosed herewith copy of Annual Secretarial Compliance Report for the year ended March 2025.
OMAXE · price
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Omaxe Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI LODR Regulations. The Practising Company Secretary (DMK Associates) reviewed the company's compliance with SEBI regulations, filings, and corporate governance requirements, and confirmed overall compliance with applicable Secretarial Standards, listing rules, insider trading norms, and other SEBI requirements. However, the report notes an ongoing SEBI matter from a July 30, 2024 order involving alleged mis-statements and irregularities in financial statements for FY 2018-19, 2019-20, and 2020-21, which led to monetary penalties of Rs 7 lakh on Omaxe Ltd and restrictions on some directors and KMPs. Omaxe filed an appeal with SAT, which granted a partial stay in October 2024 subject to deposit of penalties, and the matter remains sub-judice.
For shareholders, this is a routine annual compliance filing, but it re-flags a serious pending regulatory case against Omaxe and certain directors over alleged financial misstatements in earlier years. The SAT stay has paused the restrictions on directors, but an adverse final ruling could materially impact the company's reputation, management continuity, and stock price sentiment.