Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pasari Spinning Mills Ltd has filed its Annual Secretarial Compliance Report for the year ended 31st March 2026. The secretarial auditor found the company largely compliant with SEBI regulations, but identified two instances of non-compliance resulting in total fines of Rs. 59,000 from BSE. First, a fine of Rs. 11,800 was levied for delay in prior intimation of a Board Meeting for August 2025. Second, a fine of Rs. 47,200 was imposed for late submission of financial results (including cash flow statement) for September 2025 and non-compliance in related party transaction disclosures. Both penalties were paid within the prescribed time. Additionally, the secretarial auditor noted that the company's CFO has not signed the financial statements as required under Section 134 of the Companies Act, 2013. The company also has an ongoing legal matter with The Cotton Corporation of India Ltd that was temporarily subject to a sale proclamation but is currently stayed by court order.
The non-compliance penalties are relatively minor and have been paid, indicating the company remains in good standing with exchanges. However, the unsigned financials by the CFO is a governance concern that investors should monitor. The pending legal case with Cotton Corporation of India could have future implications depending on court proceedings.