Please find enclosed the Annual Secretarial Compliance Report for the year ended March 31, 2026
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Ravindra Energy Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practising Company Secretary Sanjay Dholakia. The report identifies two non-compliances: (1) constitution of Nomination and Remuneration Committee under Regulation 19(1)/19(2), and (2) constitution of Stakeholder Relationship Committee under Regulation 20(2)/(2A). Both exchanges imposed fines of Rs. 18,880 each by BSE and NSE. The company attributes the delay to non-availability of directors and convened a board meeting on January 9, 2025 to reconstitute both committees. The company filed a waiver application with NSE, which was approved. The report confirms no other non-compliances were observed across other SEBI regulations examined, including secretarial standards, insider trading, and related party transactions.
The company faces minor regulatory scrutiny due to delayed committee reconstitution. The NSE-approved waiver suggests the matter is resolved, limiting negative shareholder impact. However, the fine and compliance lapses reflect governance gaps that investors should monitor.