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Osiajee Texfab Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 as required under SEBI LODR Regulations. The secretarial auditor JPM & Associates LLP has reported substantial compliance overall, but identified four deviations: (1) Listing fees for FY 2025-26 remain unpaid, (2) Independent directors have not completed online proficiency self-assessment tests as required under Section 150 of Companies Act, (3) Sitting fees for Board/Committee meetings have not been paid to Independent Directors, and (4) Financial statements have not been filed with ROC in E-Form AOC-4 (XBRL) format. Additionally, the company has not addressed two carryover issues from previous reports: unpaid listing fees for FY 2024-25 and failure to appoint a new Company Secretary and Compliance Officer within the mandated 3-month period after the previous one resigned in December 2024.
The company shows multiple governance lapses including unpaid listing fees across two financial years and delayed statutory filings. While these are compliance violations rather than financial irregularities, continued non-payment of listing fees could eventually lead to regulatory action by BSE. The unpaid sitting fees to independent directors may affect board functioning and director relations.