PLASTIBLEN · price
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Awaiting price reaction for this filing.
Plastiblends India has filed its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI's Listing Regulations. The report, prepared by M/s. Bhandari & Associates (Practicing Company Secretaries), confirms that the company is broadly compliant with SEBI regulations, secretarial standards, insider trading rules, and related-party transaction norms. However, it flags five instances of delayed or missed disclosures during the year, including late filing of the FY23-24 secretarial compliance report (fine of Rs. 2,360 paid to NSE and BSE), missing intimation on re-appointment of statutory auditor, delayed disclosure of stock exchange fines, late reporting of a GST show-cause notice (received Aug 1, 2024, disclosed Aug 2, 2024), and delayed submission of the integrated financial filing PDF for Q3 FY25 (Dec 31, 2024 quarter). The company stated these were inadvertent delays and not material in nature. The report confirms no director is disqualified, the company has no subsidiary, and no statutory auditor resigned during the year.
The compliance lapses were minor procedural delays carrying nominal fines and are unlikely to materially affect shareholders or the stock price. Investors should note that while the company met most regulatory requirements, it had to pay small penalties for late disclosures, indicating some weakness in timely filing practices — though management has represented these as one-off inadvertent issues.