Annual Secretarial Compliance Report for FY 2024-2025
PNBGILTS · price
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PNB Gilts Ltd submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, as required under SEBI Regulation 24A. The report was issued by AKP & Associates, Company Secretaries, and confirms overall compliance with SEBI regulations, Secretarial Standards, insider trading rules, and corporate governance norms. No director disqualifications, no auditor resignations, and no subsidiary-related compliance issues were found. One minor non-compliance was flagged: a Rs. 5,000 penalty imposed by NSE for delayed reporting (by about a week) of demat account openings as per a 2016 SEBI circular. The penalty has not yet been debited from the company's bank account, and the company has been seeking clarification and waiver from NSE, stating these accounts are not related to its stock broker business.
This is a routine annual compliance filing with no material red flags for shareholders. The only deviation is a trivial Rs. 5,000 penalty for a minor reporting delay, which remains unpaid and under dispute. No impact on stock price or business operations is expected.