PURSUANT TO REGULATION 24A OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015, PLEASE FIND ENCLOSED THE ANNUAL SECRETARIAL ....
Awaiting price reaction for this filing.
Master Chemicals Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI's Listing Regulations. The report, prepared by M/s C.P. Shukla & Co, Practicing Company Secretaries, flags two key non-compliances: the company has not paid its Annual Custody Fees to BSE for the last three years, and the post of Company Secretary has been vacant since September 10, 2022, when Shri Rajan Kumar Singh resigned. The company stated it is still searching for a suitable candidate to fill the Company Secretary role. The report confirms there are no subsidiaries and no resignations of statutory auditors during the year.
These are governance red flags that minority shareholders should watch — unresolved non-payment of BSE custody fees could risk trading disruptions, and a vacant Company Secretary position for nearly three years indicates weak compliance posture, which may weigh negatively on investor sentiment.