Annual Secretarial Compliance Report for the Financial year March 31,2025
PRAKASHSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prakash Steelage has filed its Annual Secretarial Compliance Report for FY ending March 31, 2025, signed by Practicing Company Secretary Dr. S.K. Jain. The company is broadly compliant with SEBI LODR rules, covering secretarial standards, board policies, website disclosures, and insider trading norms. Two open regulatory matters are flagged: a Supreme Court appeal (Civil Appeal No. 1551 of 2024) by SEBI against a SAT order in a suspected insider trading case involving CMD Prakash C. Kanugo, where an earlier Rs. 1 lakh penalty on the company was set aside by SAT; and SEBI summons under Sections 11(2) and 11C(2),(3) of the SEBI Act, 1992, which the company says it is complying with. The company has no subsidiaries and no material related party transactions.
This is a routine annual compliance disclosure with no immediate market-moving impact. However, the unresolved insider trading case involving the CMD at the Supreme Court remains an overhang and is worth monitoring for any adverse ruling.