Radhika Jeweltech Limited has informed the Exchange about General Updates
RADHIKAJWE · price
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Radhika Jeweltech Limited has filed its Annual Secretarial Compliance Report for FY 2025, as required under SEBI Regulation 24A. The secretarial auditor (S. V. Nadiyapara & Co.) reviewed compliance across multiple SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories regulations. The report identifies one instance of non-compliance: the company failed to obtain prior shareholder approval via Special Resolution for the continuation of a Non-Executive Director who has attained 75 years of age, in violation of Regulation 17(1A) of SEBI (LODR) Regulations, 2015. This non-compliance persisted from 29.03.2025 to 28.06.2025. The company subsequently obtained the required shareholder approval and paid a fine of Rs. 2,14,760 to BSE and NSE. Management stated the delay occurred due to procedural reasons and that systems have been strengthened to prevent recurrence. All other compliance requirements were met.
This is a routine compliance filing. The company disclosed a specific regulatory violation (Regulation 17(1A) non-compliance for ~3 months) and has since rectified it. The fine was paid and shareholder approval was obtained. No material concern for shareholders, but the governance lapse is on record.