Please find herewith an attached file of Reg. 24A (Secretarial Compliance Certificate) for the Financial year 2024-2025
PARSVNATH · price
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Parsvnath Developers has filed its Annual Secretarial Compliance Report for FY 2024-25 under SEBI Regulation 24A, certified by CS Ashok Tyagi of VKC & Associates. During FY 2024-25, the company delayed submission of its annual audited financial results for the quarter and year ended March 31, 2024 by 21 days, attracting a fine of Rs 2,47,800 (including 18% GST) each from BSE and NSE, which has been paid. Other FY 2024-25 issues flagged include non-compliance related to the constitution of the Nomination and Remuneration Committee (fine of Rs 37,760 from BSE and NSE) and missing Quick Response Code in newspaper advertisements. The report also confirms closure of older compliance penalties from FY 2023-24 totaling over Rs 15 lakh, all of which the company states have been paid.
Repeated filing delays and multiple SEBI/exchange fines point to weak compliance and disclosure practices, which is a governance red flag for investors, though these are settlements of historical issues rather than new material business events.