Pursuant to Regulation 24A of SEBI (LODR) 2015 herewith enclose Secretarial Compliance Report for the Financial Year 2025-26
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Reliance Communications Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26 as mandated by SEBI Regulation 24A. The report, issued by Practicing Company Secretary M/s. Ashita Kaul & Associates, covers compliance with SEBI regulations including LODR, PIT, and Takeover regulations. The company, which has been under Corporate Insolvency Resolution Process (CIRP) since May 2018 with Resolution Professional Mr. Anish Nanavaty managing affairs, reported multiple compliance deviations. Key issues include: website disclosure non-compliance due to CIRP constraints, constitution of Audit Committee not compliant with Companies Act, Forms DIR-12 for director resignations not filed with ROC, delayed regulatory filings including fraud disclosures beyond 24-hour timeline, and financial information not recorded in Structured Digital Database for Q2 FY25. The company attributed delays to internal approval constraints and ongoing IBC proceedings.
The filing highlights continued compliance challenges amid ongoing insolvency proceedings, with delayed disclosures and governance gaps. For shareholders, this signals that corporate governance functions remain constrained under CIRP, though no SEBI enforcement actions were reported during the review period.