Please find enclosed herewith Annual Secretarial Compliance Report for the financial year ended on 31st March, 2025.
RNBDENIMS · price
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R & B Denims Ltd submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary identified two non-compliances during the year: (1) a 2.5-month delay in disclosing to BSE a GST penalty of Rs. 43.66 lakh imposed by the Central GST Department on January 1, 2025, which was only reported on April 18, 2025; and (2) a one-day delay in filing the previous year's compliance report in XBRL mode, resulting in a BSE fine of Rs. 2,360. The company has two material subsidiaries (Ricon Industries and RB Industries, both partnership firms). A statutory auditor change occurred during the year and complied with SEBI's circular requirements. All seven compliance issues flagged in the prior year's report were rectified.
The GST penalty of Rs. 43.66 lakh and its delayed disclosure are the most material items, but fines imposed are minimal (Rs. 2,360). Overall, compliance track record shows mostly minor administrative delays with no major regulatory action against the company, suggesting limited near-term impact on the stock price.