Annual Secretarial Compliance Report of the Company for the financial year ended March 31, 2025
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Polo Queen Industrial and Fintech Ltd submitted its Annual Secretarial Compliance Report for FY25, certifying that the company generally complied with SEBI regulations and listing requirements. One minor deviation was noted: the Investor Grievance Report for the quarter ended March 31, 2025 was filed late (May 6, 2025 instead of by April 30, 2025), leading to a fine of Rs. 5,000 plus Rs. 900 GST from the Metropolitan Stock Exchange of India (MSEI), which has been paid. The company clarified that the delay was due to a misinterpretation of a SEBI circular dated December 31, 2024 regarding integrated reporting. Separately, in January 2025, BSE sought clarification on unverified social media claims (including a fake 33,000 crore France order, 1,800 crore revenue, and a potential dividend), which the company publicly refuted on January 29, 2025. On March 23, 2025, a search operation was conducted at the promoter's premises under the SEBI Act related to alleged stock price manipulation through social media.
Minor compliance lapse with negligible financial penalty (Rs. 5,900) already paid; no impact on operations. However, the search at the promoter premises and ongoing scrutiny over social media-driven stock price manipulation could create short-term uncertainty for shareholders. No additional non-compliances or governance red flags were flagged.