Annual Secretarial Compliance Report under Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ....
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Orient Tradelink Limited has submitted its Annual Secretarial Compliance Report for FY 2024-25, audited by Sulabh Jain & Associates, Practicing Company Secretaries. The report flags three compliance lapses during the year: late filing of quarterly financial results for September 2024 under Regulation 33, a one-day delay in submitting the FY 2023-24 Annual Report under Regulation 34, and a one-day delay in filing XBRL of Related Party Transactions for half-year ended March 2024, for which BSE imposed a fine of Rs. 5,000. Earlier-year violations included Rs. 20,000 and Rs. 10,000 fines already paid by the company. Notably, director Mr. Balakrishna Ramarao Maddur was disqualified under Section 164 of the Companies Act, 2013, and resigned from the Board effective 28 May 2025. The Practicing Company Secretary also observed that a few unpublished price-sensitive transactions were not promptly recorded in the company's Structured Digital Database (SDD).
Repeated filing delays and minor penalties suggest weak compliance and disclosure discipline, which could erode investor confidence and potentially lead to further regulatory scrutiny, though the financial impact of fines is negligible for shareholders.