Enclosed herewith is Annual Secretarial Compliance Report for the financial year ended March 31, 2025.
ORIENTLTD · price
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Orient Press Ltd submitted its Annual Secretarial Compliance Report for FY2024-25, audited by V.K. Mandawaria & Co., Practicing Company Secretaries. The company was largely compliant with SEBI regulations, secretarial standards, insider trading rules, and disclosure requirements. However, there was a 2-day delay in reconstituting the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee after the AGM on September 20, 2024, due to procedural dependencies and director availability. Both BSE and NSE imposed fines of Rs. 12,000 each for this delay. Additionally, two small-value related party transactions lacked prior audit committee approval but were subsequently ratified.
The fines are minor (Rs. 24,000 total) and the delay was procedural with a reasonable explanation. No major governance red flags — the company is broadly compliant with listing requirements. Minimal impact expected on the stock price.