Pursuant to Regulations 24A of SEBI (LODR) Regulations, 2015 Annual Secretarial Compliance Report of the Company for the financial year ended 31st March, 2025.
Awaiting price reaction for this filing.
Emami Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by MKB & Associates (Secretarial Auditors), as required under SEBI LODR Regulation 24A. The report confirms overall compliance with SEBI regulations, secretarial standards, insider trading norms, related party transaction approvals, and corporate governance requirements. However, four minor non-compliances were flagged in Annexure-1: (1) a one-day delay in filing the statement of impact of audit qualification for FY24, attracting a Rs 5,000 fine from BSE which was paid; (2) late intimation of this fine to stock exchanges; (3) delayed submission (by 5 days) of intimation regarding senior management participation in an Investor Conference in Singapore and Hong Kong on 13-14 August 2024, prompting cautionary letters from BSE and NSE; and (4) delayed disclosure of a District Consumer Commission order dated 9 December 2024, disclosed on 16 December 2024 instead of within 24 hours, as the company initially believed the damages did not constitute a reportable penalty.
This is a routine annual compliance filing with no material impact on shareholders. The four flagged deviations are minor procedural lapses involving small fines and cautionary letters, and do not affect business operations or financials. Investors may note the company's commitment to corrective action and the absence of any serious governance violations.