Find enclosed herewith Annual Secretarial Compliance Report for the year ended on March 31, 2026.
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Poojawestern Metaliks Ltd (BSE: 540727) submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by Mittal V Kothari & Associates. The report identifies multiple compliance lapses: (1) two announcements were submitted with physical signatures instead of mandatory digital signature certificates (DSC) as required since August 2022; (2) notes to consolidated financial results failed to disclose the status of wholly owned subsidiary Brasscraft Engineering; (3) three independent directors lacked valid databank registration and failed to appear for the mandatory Online Proficiency Self-Assessment Test, with no sitting fees paid to them; (4) a promoter group member (Ms. Kamlaben Harikishan Radhu) failed to disclose share transactions exceeding Rs 10 lakh within the prescribed 2 trading days in October 2024; (5) three Structured Digital Database entries for UPSI sharing were delayed by 15-31 days; and (6) a board outcome was uploaded 22 minutes late. No regulatory penalties were imposed during the review period.
The company shows multiple regulatory compliance gaps in insider trading, board disclosures, and independent director requirements. While no penalties were imposed, the recurring nature of these issues (including director training and SOD delays from previous year) suggests governance weaknesses that investors should monitor.