Compliance- Reg. 24(A)- Annual Secretarial Compliance Report as on March 31, 2025
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Osiajee Texfab Limited has submitted its Annual Secretarial Compliance Report for FY2024-25 to BSE, as required under SEBI LODR Regulation 24(A). Practicing Company Secretary JPM & Associates LLP examined the company's compliance with SEBI regulations and certified substantial compliance, with 12 of 13 reviewed areas marked fully compliant — including secretarial standards, board policies, website disclosures, related-party transactions, and insider trading norms. However, Annexure A flags two deviations: non-payment of annual listing fees to BSE for FY 2024-25, and failure to appoint a new Company Secretary and Compliance Officer within the mandatory three-month window after the previous one resigned on December 2, 2024. No fines or SEBI/stock exchange actions were taken on either lapse. Management cited difficulty in finding a suitable CS candidate and assured prompt payment of listing dues.
These are administrative/governance lapses rather than operational red flags — no penalties were imposed and trading is unaffected. Investors should, however, track whether listing fees are cleared and a Company Secretary is appointed, as unresolved compliance issues can invite stricter regulatory scrutiny.