Pursuant to regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we enclose herewith the Annual Secretarial Compliance Report for Year Ended 31st March, 2026.
Awaiting price reaction for this filing.
Gammon India Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, issued by Pramod S. Shah & Associates. The report shows general compliance across most areas including secretarial standards, policies, website disclosures, and related party transactions. However, 5 directors are disqualified under Section 164 of the Companies Act due to the company's default in repayment of Non-Convertible Debentures (NCDs) for a continuous period exceeding one year. The company also disclosed delays in approving its annual audited financial statements for FY 2024-25 (approved by the Board on August 2, 2025). Trading in the company's securities was suspended during the financial year, and the company faced portal access issues with stock exchanges before regaining access in December and completing pending Q1 and Q2 filings.
The disqualification of 5 directors and the NCD default highlight ongoing financial distress at Gammon India. The delayed financial filings and trading suspension further signal governance challenges, which investors should monitor closely as the company works to restore compliance and trading status.