Submission of Annual Secretarial Compliance Report
PVP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PVP Ventures Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, prepared by ARS & Associates Company Secretaries LLP under SEBI Regulation 24A. The report confirms general compliance with SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories regulations. However, Annexure A identifies several deviations: Board meetings were adjourned twice (June and December 2025 quarters) due to lack of quorum, causing delays in financial result submissions beyond the 45-day deadline under Regulation 33. NSE imposed fines totaling approximately Rs. 1.45 lakh (including GST), while BSE fined Rs. 41,300 for December quarter delays. The company has paid some fines and applied for waivers for others. Annexure B shows previous compliance issues including delayed related party transaction disclosures and an older Rs. 14 lakh SEBI adjudication order for non-submission of No Default Statements (2017-18), which is under appeal at SEBI SAT.
Recurring board meeting adjournments and delayed filings indicate governance weaknesses, though the company has paid fines and sought waivers. The pending SAT appeal on the 2017-18 matter remains an open regulatory risk. Minor reputational concern for compliance-conscious investors.