Annual Secretarial Compliance Report for year ended 31 March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patspin India Ltd has filed its annual secretarial compliance report for FY 2025-26. The report, issued by Practising Company Secretary M.R.L. Narasimha, identifies several compliance failures. The company failed to intimate the stock exchange within 24 hours about a Supreme Court order regarding a Rs 348.3 lakh TANGEDCO demand benefit. Related party transactions worth Rs 14.58 crores involving loan transfers to promoter directors were approved by shareholders only after the fact at the September 2025 AGM, rather than seeking prior approval. Additionally, an unsecured loan of Rs 1,458 lakhs was taken from GTN Textiles against shareholder approval for Rs 1,060 lakhs, with no prior approval sought for the excess Rs 398 lakhs. A fine of Rs 28,320 was levied for a corporate governance reporting error but was later waived. The company defended these lapses citing legal opinions on materiality thresholds.
The company has repeated compliance issues around related party transactions and timely disclosure obligations. While fines were waived, these represent procedural lapses that investors should monitor as they indicate weaker internal controls around governance and related party dealings.