Please find the attached Annual Secretarial Complaince report as per Regulation 24(A)
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Practicing Company Secretary M. Ramana Reddy has filed the Annual Secretarial Compliance Report for Prajay Engineers Syndicate Ltd for FY 2024-25, flagging multiple non-compliances. Key issues include: non-filing of MCA e-forms for the appointment of Woman Independent Directors (one from December 2020 and Ms. Mogulla Varsha Reddy from September 2024), failure to maintain the Structured Digital Database (SDD) required under SEBI's Insider Trading rules, and non-filing of the Annual Return (MGT-7) for FY 2023-24. The report also notes that Secretarial Standards are not being followed, certain SEBI-mandated policies are not updated, website disclosures are delayed, and the DINs of two directors are deactivated on the MCA portal. The company received a notice from the stock exchange seeking clarification on its financial results, though no formal penalty or action from SEBI or exchanges has been imposed.
These repeated and unresolved compliance lapses, especially around board appointments, insider trading records, and annual filings, raise serious corporate governance red flags for shareholders and could attract further regulatory scrutiny or penalties from SEBI and the stock exchanges.