Annual Compliance report for Financial Year ended 31st March 2025.
PLATIND · price
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Platinum Industries submitted its Annual Secretarial Compliance Report for FY2024-25 to BSE and NSE, as required under SEBI Regulation 24A. The report, issued by M/s. Mayank Arora & Co., Practicing Company Secretaries, confirms the company has generally complied with applicable SEBI regulations and circulars during the review period. One minor non-compliance was flagged: the newspaper advertisement for the AGM notice did not include the name, designation, and address of the person responsible for handling e-voting grievances, as required under the Companies (Management and Administration) Rules, 2014. The statutory auditor resigned on August 12, 2024 (within 45 days of Q1 FY25 end) after issuing the Limited Review Report for that quarter; the company disclosed the reasons and details to stock exchanges as mandated. No enforcement action or penalty was initiated by SEBI or the stock exchanges during the year.
Overall, this is a routine compliance filing indicating good governance with no penalties or regulatory action against the company. The only flagged lapse (missing e-voting contact in the AGM newspaper ad) is a procedural, non-material issue with no expected impact on the stock price or shareholder value.