Annual Secretarial Compliance Report for the year ended 31.03.2025
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Risa International Ltd has filed its Annual Secretarial Compliance Report for FY25, covering compliance with SEBI LODR Regulations. The Practicing Company Secretary noted two areas of non-compliance: (1) the company did not submit year-to-date consolidated financial results under Regulation 33(3)(b), as its investment is only in Hong Kong Dollar and the management does not want to start any further business; and (2) there was a one-day delay in submitting the Related Party Transaction Report for the half year ended 30 September 2024 under Regulation 23(9), for which BSE levied a fine of Rs 5,900, which has been paid. The company is otherwise compliant on secretarial standards, insider trading, related party transactions, website disclosures, and no directors are disqualified.
This is a routine annual compliance filing with no material impact on shareholders. The non-compliances are minor — a small Rs 5,900 fine already paid for a one-day delay, and a technical non-submission of consolidated results linked to the company's limited investment activity. Neither should affect the stock price or shareholder value materially.