Please find enclosed the Annual Secretarial Compliance Report for the Financial Year ended March 31, 2025
PRABHA · price
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Prabha Energy Ltd has submitted its Annual Secretarial Compliance Report for FY25, as required under SEBI Regulation 24A. The report, issued by practicing company secretaries RPSS & Co. on May 13, 2025, states that the company generally complied with applicable SEBI regulations, listing rules, and secretarial standards during the year. One observation was noted: Independent Director Ms. Priyanka K Gola exceeded the permissible limit on directorships after the company got listed on March 19, 2025, and she subsequently resigned effective April 24, 2025. No SEBI or stock exchange actions were taken against the company or its promoters/directors, and no other non-compliances were observed. Deep Natural Resources Limited was identified as the company's material subsidiary.
This is a routine annual compliance filing with no major red flags. The independent director issue was self-identified and resolved quickly through resignation, showing reasonable governance oversight. Shareholders are unlikely to see any negative stock price impact from this filing.