ANNUAL SECRETARIAL COMPLIANCE REPORT FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2026.
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Polymechplast Machines Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, prepared by Practising Company Secretary Devesh Pathak & Associates. The report identifies 6 compliance deviations resulting in total fines of approximately Rs. 5.4 lakhs. Key violations include late submissions of Related Party Transaction statements (Regulation 23(9) - fines Rs. 5,900 and Rs. 59,000), late filing of Quarterly Corporate Governance Report (Regulation 27(2) - Rs. 31,860), late Shareholding Pattern submission (Regulation 31 - Rs. 14,160), and non-constitution of Nomination & Remuneration Committee (Regulation 19 - Rs. 2,14,760) and Stakeholders Relationship Committee (Regulation 20 - Rs. 2,14,760). The company has paid all fines and has subsequently constituted the Stakeholders Relationship Committee. Other areas including Secretarial Standards, Insider Trading regulations, Related Party Transactions approvals, and Website disclosures are marked compliant.
This is a routine regulatory filing showing compliance broadly in order but with repeated instances of late filings and delayed committee constitution. The cumulative fines of Rs. 5.4 lakhs are modest. The company has cleared all outstanding fines, indicating good faith compliance. No major red flags for investors, though recurring delays in regulatory submissions suggest governance execution gaps.