Annual Secretarial Compliance Certificate_Revised
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Awaiting price reaction for this filing.
Pasari Spinning Mills has submitted a revised Annual Secretarial Compliance Report to BSE for the financial year ended 31 March 2025, as required under SEBI's Listing Regulations. The Practicing Company Secretary (Vinay B L of Vinay & Ashwini) examined the company's filings, website, and records and confirmed overall compliance with SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements — with no qualifications flagged in 11 of the 12 areas reviewed. One minor outstanding item was noted: the company received an email from BSE seeking a waiver of fines but has not yet filed the waiver application. The report also flags that the company's CFO did not sign the financial statements, which is a deviation from Section 134 of the Companies Act, 2013.
This is largely a routine annual compliance filing and not a material event for shareholders. Investors should note the two minor flags — the unresolved BSE fine waiver and the CFO signature lapse — which signal weak internal compliance processes, though neither is likely to affect the stock price meaningfully in the near term.