Please find enclosed herewith Annual Secretarial Compliance issued by M/s Rahul Saini & Co. for the year ended 31.03.2025
Awaiting price reaction for this filing.
Sir Shadi Lal Enterprises Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by Rahul Saini & Co., Company Secretaries, as required under SEBI's listing rules. The report confirms the company is largely compliant with SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements. One issue was flagged: BSE imposed a fine of Rs. 22,000 plus GST for non-compliance with Regulation 17(1A) regarding the appointment of a non-executive director aged over 75 years during the quarter ended June 30, 2024, without prior shareholder approval. The company disputed this, paid the fine under protest, and cited favorable Securities Appellate Tribunal rulings in similar cases (20 Microns Ltd and Nectar Life Sciences). No other non-compliances or SEBI actions were observed.
Routine annual compliance filing with no material impact on shareholders. The single regulatory fine is small (Rs. 22,000), was contested by the company based on legal precedent, and does not affect operations or financials. Overall compliance status is satisfactory, which is mildly positive for governance credibility.