Annual Secretarial Report is enclosed herewith
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R M Drip and Sprinklers Systems Limited filed its Annual Secretarial Compliance Report for FY ended March 31, 2026 under SEBI Regulation 24A. The report identifies two compliance violations: (1) a 25-day delay in submitting Q1 FY26 financial results — due August 14, 2025 but filed September 8, 2025 — resulting in a Standard Operating Procedure (SOP) fine of INR 1,15,000 imposed by both BSE and NSE, which has since been paid; and (2) an 8-day delay in uploading the AGM Notice and Annual Report on stock exchanges — approved August 22 but uploaded August 30, 2025. The company states both delays were inadvertent and has implemented stronger compliance mechanisms. All other regulatory requirements including secretarial standards, insider trading norms (SDD maintained), related party transactions, and board policies were found compliant. No SEBI or stock exchange actions were taken beyond the fine.
Two regulatory lapses in timely disclosures during FY 2025-26 resulted in a combined fine of INR 1,15,000, which the company has paid. While the violations are minor and isolated, repeated delays could invite further scrutiny from exchanges and affect investor confidence in the company's governance standards.