Annual Secretarial Compliance Report for the Financial Year ended March 2025
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Paras Defence filed its Annual Secretarial Compliance Report for FY25, certified by DM & Associates Company Secretaries LLP. The company is largely compliant with SEBI LODR regulations, including secretarial standards, insider trading norms, related party transaction approvals, and website disclosures. Two minor procedural observations were noted: (1) investor meeting intimations for June 4 and June 13, 2024 were filed with one working day's delay instead of the required two working days' prior notice, as confirmations were received on short notice on a non-working day; (2) revised shareholding pattern following a QIP issue (which crossed 2% of paid-up capital) was uploaded late on October 8, 2024. No fines were levied in either case, and no queries were raised by stock exchanges.
These are minor administrative lapses with no financial penalty and no action from SEBI or stock exchanges. No material impact on shareholders or stock price, though investors should note the delayed QIP-related shareholding disclosure.