ANNUAL SECRETARIAL COMPLIANCE REPORT UNDER REGULATION 24A OF THE SEBI (LISTING REGULATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015 FOR THE FINANCIAL YEAR ENDED ON 31ST MARCH 2025
RATNAVEER · price
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Ratnaveer Precision Engineering has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, issued by TNT & Associates, Practicing Company Secretaries. The report confirms the company is generally compliant with SEBI regulations and listing requirements. However, two minor non-compliances were flagged: (1) The company failed to give the required two-working-day prior intimation for a Board Meeting held on November 11, 2024 (intimation was given on November 9, 2024), leading to a penalty of Rs. 10,000 each from BSE and NSE, which has been paid; and (2) A non-compliance with Secretarial Standards, where a fund-raising resolution was withdrawn after the EGM notice (dated December 10, 2024) was already sent. No other significant regulatory actions were taken against the company or its promoters during the year.
This is a routine annual compliance filing with no material business impact. The penalty of Rs. 10,000 per exchange is negligible relative to the company's size. However, the withdrawal of a fund-raising resolution after the EGM notice suggests the company may have postponed a potential capital raise, which investors may want to monitor. Overall, the filing reflects standard governance compliance with only minor procedural lapses.