Pursuant to Regulation 24A of SEBI (Listing Obligations and Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated 8th February 2019, we are enclosing herewith ....
Awaiting price reaction for this filing.
G.V. Films Limited has filed its annual Secretarial Compliance Report for FY2025, covering compliance with SEBI LODR Regulations and other applicable SEBI rules. The Practicing Company Secretary reported that the company complied with most requirements, but flagged several governance lapses: Audit Committee and Nomination & Remuneration Committee compositions were non-compliant from Q4 FY25 after two Independent Directors resigned on 11.11.2024, and a Company Secretary was never appointed after the previous one resigned on 30.05.2024. The company also delayed 14 regulatory filings during the year (including shareholding pattern, financial results, related party transactions, and corporate governance reports), though BSE did not levy any fines. One filing—the Compliance Certificate under Reg 7(3) for March 2025—had not been filed as of the report date. The company has a 100% subsidiary called G.V. Studio City Limited.
The report highlights serious governance concerns: lack of Independent Directors and a Company Secretary for several months, along with chronic delays in regulatory filings. While no monetary penalties were imposed, this pattern of non-compliance is a red flag for shareholders and could invite further regulatory scrutiny or action.