Annual Secretarial Compliance Report for the Financial Year ended on 31 March, 2026
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PG Foils Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by CSM & Co., Company Secretaries. The report identifies 4 compliance deviations during the review period: (1) QR code was missing in newspaper advertisement for financial results published in July 2025, though a corrigendum was issued later; (2) Annual Secretarial Compliance Report for FY 2024-25 was submitted 40 days late (July 11 vs May 30 deadline), resulting in Rs 80,000 fine from BSE; (3) Audited Financial Results for Q4/year ended March 2025 were submitted 24 days late (June 25 vs May 30 deadline), resulting in Rs 1,20,000 fine from BSE; (4) Trading window closure confirmations were submitted 1 day prior instead of required 2 trading days prior for Q3 2025 and Q4 2026. The company's Statutory Auditor, Gupta Akash & Associates, resigned effective June 3, 2025.
The company incurred total fines of Rs 2,00,000 from BSE for regulatory delays. While these are minor compliance lapses, the pattern of delayed submissions and the auditor resignation may concern investors about internal controls and governance quality, though management has stated corrective measures have been implemented.