Dear Investor, Please find attached Annual Secretarial Compliance Certificate for Year ended March 2026
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Riddhi Corporate Services Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary Amrish Gandhi & Associates. The report shows the company largely complied with SEBI regulations including LODR, ICDR, SAST, PIT, and Depositories regulations. A notable observation was that SEBI sought clarification regarding the utilization of IPO and Preferential Issue proceeds, with concerns about potential misutilization or diversion of funds. The company submitted a detailed response with supporting documents, confirming funds were deployed towards stated objects and maintained in Fixed Deposits. No adverse regulatory action, warning, penalty, or show cause notice was issued. All 13 compliance checkpoints showed compliance status.
The filing is broadly positive for shareholders as no penalties or adverse actions were taken, though the SEBI clarification on fund utilization warrants monitoring to ensure ongoing compliance.