Annual Secretarial Compliance Report FY 2024-25
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Ratnabhumi Developers Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. The Practicing Company Secretary found the company largely compliant across key areas including secretarial standards, board policies, website disclosures, related party transactions, insider trading norms, and director eligibility. One non-compliance was flagged: the XBRL filing of the Annual Secretarial Compliance Report was delayed due to technical glitches on the BSE Listing Centre portal, attracting a small penalty of Rs. 2,000 from BSE. A prior-year issue regarding the board having fewer than six directors (required for top 2000 listed companies) was resolved during FY 2024-25 as the company ceased to fall within the top 2000 list, with one director stepping down during the year. No further actions or penalties were imposed by SEBI or stock exchanges.
The Rs. 2,000 penalty for a delayed XBRL filing is negligible and has no material effect on shareholders or the stock price. The report indicates the company is in good regulatory standing, with prior governance issues now resolved.