Submission of Annual Secretarial Compliance Report for the year ended 31st March 2025.
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Parvati Sweetners and Power Limited submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report, prepared by Piyush Bindal & Associates, Company Secretaries, confirms the company has complied with applicable SEBI regulations during the review period with no new non-compliances identified. However, 5 older non-compliances from FY24 (quarters ended June and September 2023) were disclosed and are being addressed: gaps in Board composition under Reg 17(1), Audit Committee composition under Reg 18(1) for both quarters (latter attracting a ₹1,62,000 fine), Nomination & Remuneration Committee composition under Reg 19(1)/19(2) (₹30,000 fine), and late filing of Related Party Disclosure in PDF format instead of XBRL under Reg 23(9) (₹10,000 fine, paid in Feb 2024). The company has filed waiver requests and rectified the composition issues where applicable.
This is a routine annual compliance filing with no new red flags for FY25. The historical lapses relate to board/committee composition and a minor filing format error, all flagged for resolution. For shareholders, there is no immediate impact on the stock, though the total historical fines of roughly ₹2.32 lakh and pending waiver applications are worth noting as minor governance concerns.