PVP · price
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Awaiting price reaction for this filing.
PVP Ventures has filed its Annual Secretarial Compliance Report for the year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary confirmed the company generally complied with applicable SEBI regulations, secretarial standards, and corporate governance norms. However, several non-compliances were flagged in Annexure A: (i) two delays in filing related-party transaction disclosures under Regulation 23(9), attracting BSE fines of Rs. 5,900 each (one paid under protest, one waiver pending); (ii) non-submission of 'No Default Statements' to credit rating agencies for July 2017–June 2018, leading to a SEBI adjudication fine of Rs. 14,00,000 which the company is contesting before SAT; and (iii) minor delays in event disclosures under Regulation 30. Earlier board-composition violations from FY24 have been regularised by appointing an additional independent director in February 2024 and paying the associated fines (Rs. 4.80 lakh to NSE and Rs. 4.85 lakh to BSE).
This is a routine compliance filing and not a business event, but it surfaces lingering regulatory penalties — most notably the Rs. 14 lakh SEBI fine under appeal — and reveals the company's history of small disclosure delays and governance lapses that may concern governance-focused investors, though none materially affect operations.