Pursuant to Regulation 24A of SEBI (LODR) Regulations, 2015, we enclose herewith the Annual Secretarial Compliance Report of the Company given by M/s S Dhanapal & Associates LLP, Practicing ....
Awaiting price reaction for this filing.
Hemadri Cements has filed its Annual Secretarial Compliance Report for FY 2024-2025 with BSE, as required under SEBI's Regulation 24A. The review was conducted by M/s S Dhanapal & Associates LLP, Practicing Company Secretaries. Two observations were flagged: first, the company has not fully dematerialized its promoter and promoter group shareholding, with only 323,533 of 4,422,793 promoter shares held in demat form; second, there was a one-day delay in disclosing related party transactions under Regulation 23(9), which led BSE to levy a fine of Rs. 5,000. The company was found compliant on all other major fronts including secretarial standards, insider trading norms, website disclosures, board performance evaluation, and event-based disclosures. No SEBI or stock exchange actions were taken against the company beyond the BSE fine, and there were no statutory auditor resignations during the year.
This is a routine annual compliance filing with no direct material impact on shareholders or the stock price. However, the promoter dematerialization shortfall and the minor RPT disclosure delay point to governance lapses that investors tracking the company may want to monitor going forward.