Annual Secretarial Compliance report for the year ended on 31.03.2025.
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Raw Edge Industrial Solutions has filed its Annual Secretarial Compliance Report for FY 2024-25, confirming overall compliance with SEBI listing regulations. Three minor deviations were flagged during the year: a 9-day delay in filing the audit report declaration in XBRL format (filed 13.05.2024), clerical errors in the Q4 shareholding pattern (two promoter HUFs missed, CFO's 748 shares mis-categorized) which was revised on 03.05.2025, and a significant ~3-month delay in disclosing a Rs. 10.61 crore GST penalty order from the Surat CGST Commissionerate dated 03.02.2025, with the disclosure finally made on 06.05.2025. The company has no subsidiaries and appointed a new statutory auditor following the completion of the previous auditor's tenure.
The biggest red flag for shareholders is the undisclosed-for-three-months Rs. 10.61 crore GST penalty, which is a material event that should have been reported promptly under SEBI rules; the repeated filing delays and data-entry errors in shareholding disclosures may also raise minor governance concerns but were eventually corrected.