PRL_Annual Secretarial Compliance Report for FY 31.03.2025.
PROZONER · price
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Prozone Realty has filed its Annual Secretarial Compliance Report for FY 2024-25, reviewed by HSPN & Associates LLP. The company is largely compliant with SEBI's Listing Regulations, with a functional website, adopted policies, no disqualified directors, and 8 subsidiaries (3 material). However, four minor delays in disclosure were flagged: (1) a one-day delay in filing the half-yearly Related Party Transaction report for September 2024 due to technical glitches (waiver application pending with BSE), (2) delayed intimation about an MCA order rejecting the appointment of Mr. Salil Chaturvedi as Deputy Managing Director, (3) delayed intimation of the cessation of Independent Director Mr. Punit Goenka, and (4) late submission of AGM proceedings beyond the 12-hour window. No penalties or SEBI actions have been imposed.
These are routine compliance lapses rather than major governance red flags. Minor delays may attract stock exchange fines or queries, but the company's overall compliance framework is intact. No direct material impact expected on shareholders or stock price.