ANNUAL SECRETARIAL COMPLIANCE REPORT FOR THE FINANCIAL YEAR 2024-25
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Polymechplast Machines Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31st March 2025 with BSE, as required under SEBI's listing rules. The report, prepared by Practicing Company Secretaries Devesh Pathak & Associates, confirms overall compliance with SEBI regulations. However, one non-compliance was noted: a delay in constituting the Stakeholders Relationship Committee and an inadvertent omission in disclosing the Chairperson's details in the Corporate Governance Report for the quarter ended 30th September 2024. BSE levied a SOP fine of Rs. 4,720 (net Rs. 4,320), which the company paid on 10th December 2024 and has applied for a waiver. The committee was subsequently formed in December 2024 with the required number of directors. All other compliance areas — including secretarial standards, insider trading, related party transactions, website disclosures, and director qualifications — were confirmed as compliant.
The filing is largely a routine regulatory submission confirming good governance. The single non-compliance was a minor procedural lapse involving a committee formation delay, already rectified with a small fine paid. This is unlikely to materially affect the stock price, though shareholders may note the governance flag and the pending waiver application.