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Pasari Spinning Mills Ltd has filed a revised Annual Secretarial Compliance Report for FY2024-25 with BSE. The Practicing Company Secretary (Vinay & Ashwini) confirms that the company generally complied with SEBI regulations including Listing Obligations, Insider Trading rules, and Secretarial Standards. However, two notable issues were flagged: (1) the CFO has not signed the company's financial statements, which is a non-compliance with Section 134 of the Companies Act, 2013, and (2) the company received an email from BSE regarding waiver of fines but has not yet applied for it. The report is signed by Managing Director Krishna Kumar Gupta and dated 28th April 2025.
Minor governance red flags — the missing CFO signature on financial statements is a compliance lapse under the Companies Act, and the unaddressed BSE fine waiver request could escalate into further penalties. For shareholders, this signals weak financial oversight and may warrant closer scrutiny of the company's governance practices.