Annual Secretarial Compliance Report for the Financial Year ended March 31, 2025 under Regulation 24A of SEBI (LODR) Regulations, 2015 issued by M/s. Jignesh M. Pandya & Co., Practicing ....
RAMAPHO · price
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Rama Phosphates Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI (LODR) Regulation 24A, reviewed by Practicing Company Secretary Jignesh M. Pandya & Co. The review found the company broadly compliant with SEBI regulations, secretarial standards, insider trading norms, related party transaction rules, and disclosure obligations. One non-compliance was flagged: the company did not seek timely stock exchange approval for the continuation of a Non-Executive Director who crossed the age of 75 years, under Regulation 17(1A) of SEBI (LODR) Regulations. BSE and NSE each levied a fine of Rs. 80,000 (total Rs. 1,60,000) for this delay, and the company has filed a representation seeking waiver of the fines. No action was taken by SEBI against the company, and there were no resignations of statutory auditors during the year.
The filing is a routine annual compliance exercise and overall reflects good corporate governance, but shareholders should note the Rs. 1.6 lakh fine for a procedural lapse in director re-appointment approval. The company's plea for waiver is pending, and the issue is unlikely to have a material impact on stock price or operations.