Please find enclosed herewith Annual Secretarial Compliance Report for year ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Punjab Communications Limited submitted its Annual Secretarial Compliance Report for FY ending 31 March 2025 to BSE, as required under SEBI Regulation 24A. The report, issued by Practicing Company Secretary S.K. Sikka & Associates, confirms overall compliance with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and corporate governance requirements. However, two instances of late submission of unaudited quarterly financial results were flagged: Q2 FY25 (quarter ended 30 Sep 2024) results filed on 3 Dec 2024, missing the 45-day deadline, attracting a BSE fine of Rs 94,400, and Q3 FY25 (quarter ended 31 Dec 2024) results filed on 18 Feb 2025, attracting a fine of Rs 11,800. Both fines have been paid by management, who have committed to more timely filings going forward. The statutory auditor did not resign during the review period and the company has no subsidiaries.
Two minor regulatory fines for delayed quarterly results have already been paid, indicating no ongoing compliance risk. Overall governance standards are intact with no director disqualifications or material non-compliances, which is a neutral-to-slightly-positive signal for shareholders.