Annual Secretarial Compliance Report for the Financial Year ended March 31, 2025
QUADFUTURE · price
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Quadrant Future Tek Limited, listed on NSE and BSE since January 14, 2025, has filed its Annual Secretarial Compliance Report for FY 2024-25, confirming overall compliance with SEBI regulations and secretarial standards. The report flags one SEBI observation: a 31-day delay in disclosing an inter-se promoter group share transfer (4 lakh shares from Mohan Krishnan Abrol to his son Vivek Abrol) during the IPO offer period, which was settled via SEBI Settlement Order dated April 1, 2025 with payments of Rs. 3 lakh by Mr. Abrol and Rs. 4 lakh by the company. Two ROC matters are also noted: a Rs. 1.58 crore penalty for private placement violations under Section 42 of the Companies Act (appeal pending with Regional Director), and a Rs. 14 lakh penalty for non-appointment of Independent Directors (paid and complied with by filing INC-28). No other non-compliance or actions by SEBI/stock exchanges were reported.
For shareholders, the disclosed compliance issues are largely historical and already settled or under appeal, with no ongoing enforcement actions against the company. These are routine regulatory matters for a recently listed company and are unlikely to have a material impact on the stock price, though investors should monitor the pending Section 42 appeal outcome.