Please find enclosed herewith Annual Secretarial Compliance Report for the financial year ended March 31, 2025.
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Rashi Peripherals has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's listing rules. The report, issued by M/s. Ragini Chokshi & Co., Company Secretaries, confirms that the company is largely compliant with SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements. The company has no material subsidiaries and no director is disqualified under the Companies Act. The only non-compliance flagged is a delay in obtaining shareholder approval for re-appointing a Non-Executive Director who had crossed 75 years of age, which is required under Regulation 17(1A) of the listing rules. For this lapse, BSE levied a fine of Rs. 89,680 (including GST) for the quarter ended June 30, 2024, and NSE levied Rs. 77,880 for the quarter ended September 30, 2024, both of which the company has paid.
This is a routine annual compliance filing with no material business impact. The one governance lapse (delayed shareholder approval for a senior director's re-appointment) has already been penalized and settled by the company, so investors should view it as a minor, closed issue rather than an ongoing concern.