Pursuant to Regulation 24A of SEBI LODR Regulation, 2015, read with SEBI Circular No.-SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November, 2024, Please find attached the Annual Secretarial Compliance ....
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Perfect-Octave Media Projects Ltd filed its Annual Secretarial Compliance Report for FY2024-25, certifying compliance with SEBI LODR Regulations and other applicable SEBI rules. The Practising Company Secretary confirmed compliance on most fronts including secretarial standards, related party transactions, insider trading, and website disclosures. However, the report flags multiple historical non-compliances under Regulations 6(1), 13(3), 23(9), 24A, 27(2), 31, 33, and 34, with BSE imposing penalties. Total outstanding basic fines stand at ₹15.34 lakh, plus ₹2.76 lakh GST, totaling around ₹18.10 lakh. Many fines relate to non-appointment of a Company Secretary and late filing of financial results/shareholding patterns, primarily under the previous management. The company noted it has huge accumulated losses and is publishing results on its website and BSE instead of newspapers due to cash flow constraints.
Shareholders should note the company's history of compliance lapses and ~₹18 lakh in pending fines, though current management is actively addressing legacy issues. The mention of accumulated losses and cash flow constraints raises concerns about financial health, but no major new adverse observations were made for FY25.