Annual secretarial compliance report for the year ended on 31st March,2025
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Popular Estate Management Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under Regulation 24A of SEBI's Listing Regulations. The report, issued by Practicing Company Secretary Sejal Shah & Associates, confirms the company broadly complied with SEBI regulations, secretarial standards, insider trading rules, and disclosure obligations during the year. No directors are disqualified, there are no material subsidiaries, and no auditor resignation took place. One notable issue was flagged: BSE levied a fine of Rs 2,71,400 (including GST) for non-compliance with Regulation 33 after one page of the Statement of Profit & Loss was inadvertently left out of the XBRL filing of audited results for March 2024. The company states this was a human error, had already filed results on 28 May 2024 within the 60-day window, paid Rs 10,000 plus GST, and submitted a waiver request to BSE on 24 July 2024.
The fine is small relative to company scale and a waiver has already been requested, so near-term shareholder impact is minimal. The filing is a routine annual compliance item and does not signal any new financial or operational concern.