Annual Secretarial Compliance Report for the financial year 2025-26
RNBDENIMS · price
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R&B Denims Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary Bhaveshkumar Arjunkumar Rawal. The report identifies 4 non-compliances during the year: (1) revision of Q2/H1 FY2025 financial results due to missing subsidiary names in consolidation, (2) 2-day delay in XBRL filing for Board Meeting outcome, (3) delay in disclosing bonus share allotment outcome (3 mins on BSE, 26 mins on NSE) due to power outage, and (4) failure to respond to NSE query about promoter name mismatch within 5 working days. All non-compliances are procedural in nature with no fines imposed. The report also notes a GST penalty of Rs 43.66 lakh from January 2025 was disclosed to BSE with a 2.5-month delay (regularized). Additionally, SEBI conducted a search and seizure operation at the company's premises on April 22-23, 2026 related to trading activities. The company has two material subsidiaries - Ricon Industries and RB Industries.
The non-compliances are minor and procedural in nature with no financial penalties. However, the SEBI search and seizure operation and repeated disclosure delays may raise concerns about the company's compliance framework. Shareholders should monitor the outcome of the SEBI investigation.