Pursuant to Regulation 24A of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the Annual Secretarial Compliance Report of the Company for the financial year ended March ....
ROHLTD · price
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Royal Orchid Hotels Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26 under SEBI Regulation 24A. The secretarial auditor V. Sreedharan & Associates has largely confirmed compliance with applicable SEBI regulations. One deviation was noted: a one-day delay in submitting Related Party Transaction (RPT) half-year disclosures due to a technical glitch on the company's website. BSE and NSE imposed a combined fine of Rs. 11,800, which has been paid. Additionally, minor delays (by a few minutes) were observed in intimating Board meeting outcome and dividend recommendation under Regulation 30. The company has four material subsidiaries, twelve other subsidiaries, and one associate. A notable ongoing matter is the company's appeal against a SEBI order regarding the classification of KSDPL as a subsidiary, with SAT having granted an interim stay pending the next hearing in June 2026.
The Rs. 11,800 fine is minimal and the compliance deviations appear minor in nature. The company has paid the penalty and attributed the RPT delay to a technical glitch. The ongoing SAT appeal regarding KSDPL's subsidiary status remains a watch item for investors.