Annual Secretarial Compliance Report for the financial year ended March 31, 2025.
RAMASTEEL · price
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Rama Steel Tubes Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The report was prepared by M/s Arun Kumar Gupta & Associates, Practicing Company Secretaries, and confirms the company complied with SEBI Act, SCRA, and various SEBI regulations during the review period, including Insider Trading, Listing Obligations, Issue of Capital, and Takeover Regulations. Two carry-over observations from FY2024 were noted: (1) a delay in completing a bonus issue, for which the company paid fines of ₹2,12,400 to BSE and ₹2,36,000 to NSE, and (2) non-compliance with Regulation 167(6) of SEBI ICDR Regulations regarding lock-in on preferential allotment of convertible warrants (allotted on June 10, 2022), for which the company filed a condonation application with SEBI, and SEBI directed the stock exchanges to list the shares. The company also confirmed compliance with Secretarial Standards, board performance evaluation, related party transaction approvals, website disclosures, and no disqualification of directors.
For shareholders, this is largely a routine regulatory filing with no new material concerns. The past bonus issue delay penalties (totalling ~₹4.48 lakh) have already been paid, and the preferential warrant lock-in issue appears resolved via SEBI direction. No new SEBI or stock exchange actions were taken against the company, promoters, or directors during FY25.