Annual Secretarial Compliance Report for the year ended on 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company's Practicing Company Secretary filed the Annual Secretarial Compliance Report for FY 2024-25, confirming overall compliance with SEBI regulations and secretarial standards. However, several non-compliances were flagged: (1) related party transactions were disclosed to the Stock Exchange but not in the Corporate Governance Report, and prior Audit Committee approval was not obtained for them; (2) details of Nomination & Remuneration Committee meetings were not disclosed in the Corporate Governance Report even though meetings were held; (3) Audit Committee member attendance disclosed in the Corporate Governance Report differs from what was reported to MCA in form MGT-7; and (4) the trading window was not closed from the end of every quarter until 48 hours after results were declared. Importantly, the first two issues are repeat observations from the FY23 report, indicating management has not taken proper corrective action. No fines, penalties, or actions by SEBI/Stock Exchanges were imposed during the review period.
This is largely a routine compliance filing, but the repeat governance lapses — especially around related party transactions and audit committee disclosures — are red flags for retail investors. While no monetary penalty has been levied yet, continued non-compliance could invite regulatory scrutiny or action from SEBI or the exchanges in the future.