PFA Annual Secretarial Compliance Report for the FY ended on 31st March 2025
Awaiting price reaction for this filing.
Arcotech Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25, certifying compliance with SEBI (LODR) Regulations. The Practicing Company Secretary confirmed the company complied with all applicable SEBI regulations, secretarial standards, insider trading rules, and disclosure requirements during the year, with no new penalties or non-compliances observed. However, the report carried forward two ongoing material issues: (1) continued suspension of trading in the company's shares on BSE and NSE since August 31, 2021, with the company awaiting approval of its revocation application, and (2) continued freezing of the promoter's demat account. The company had earlier paid fines of Rs 16.10 lakh (NSE) and Rs 11.50 lakh (BSE) for board composition non-compliance, which have since been waived, and the board composition was rectified in 2020-21 itself.
This is a routine annual compliance filing with no new adverse actions, which is mildly positive from a governance standpoint. However, the prolonged trading suspension and frozen promoter demat account remain key overhangs for shareholders, and the stock remains illiquid until revocation is approved by the exchanges.