Annual Secretarial Compliance Report for the financial year ended March 31, 2025
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Power has submitted its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI Regulation 24A, issued by Practicing Company Secretary M/s Ajay Kumar & Co. The review confirms compliance across key areas including secretarial standards (SS-1 & SS-2), board performance evaluations, related party transaction approvals, insider trading norms, website disclosures, subsidiary identification, and preservation of records. Three SEBI actions are disclosed: (1) a fine paid on July 4, 2024 for non-submission of 'No Default Statements' to credit rating agencies (period July 2017 to March 2019); (2) a Rs. 25 crore penalty order dated August 22, 2024 against 28 parties including promoter Anil D. Ambani in a Reliance Home Finance matter, with Ambani restrained from the securities market for 5 years (he has already resigned from the board and the company has appealed to SAT); and (3) a Rs. 1 crore penalty on Jai Anmol Ambani in the same Reliance Home Finance matter, which has been paid without admitting liability. No statutory auditor resigned during the year and no additional non-compliances were observed.
This is largely a routine annual compliance filing that confirms Reliance Power meets SEBI's listing requirements. However, the report draws attention to ongoing SEBI regulatory troubles within the broader promoter group, including the Rs. 25 crore penalty on Anil Ambani, which remains under appeal. While Ambani's prior board resignation limits direct fallout for Reliance Power, the cumulative regulatory actions against promoter-linked entities may continue to weigh on investor sentiment.