Annual Secretarial Compliance Report for the financial year ended 31st March, 2026
PALASHSECU · price
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Palash Securities Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary MR & Associates. The report identifies two compliance deviations: (1) Under Regulation 47(1), the QR code was missed in the Hindi newspaper advertisement for Q3 FY26 results published on February 14, 2026, though the English newspaper ad and results content were compliant; (2) Under Regulation 30, a disclosure was initially submitted not in the prescribed format, which NSE flagged on July 23, 2025, and the company subsequently resubmitted in correct format. The company operates from Hargaon, Sitapur (U.P.) with its corporate office in Kolkata, and has subsidiaries including Champaran Marketing Co. Ltd, Hargaon Investment & Trading Co. Ltd, OSM Investment & Trading Co. Ltd, and Hargaon Properties Preservation Ltd. Morton Foods Limited ceased to be a material subsidiary during the year. Overall, the company has adequately complied with SEBI regulations across 12 compliance areas including secretarial standards, policies, website disclosures, director disqualification checks, related party transactions, and insider trading norms.
The two minor deviations (QR code in Hindi ad and initial format issue) were administrative oversights that the company self-corrected. No fines or penalties were imposed, and no SEBI or exchange actions were taken, indicating these are immaterial from a shareholder perspective.