Submission of Secretarial Compliance Report for the year ended 31.03.2025
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RTS Power Corporation has filed its annual Secretarial Compliance Report for FY 2024-25 with BSE, as required under SEBI's LODR Regulation 24A. The report, prepared by Practicing Company Secretary Manoj Prasad Shaw, confirms overall compliance with SEBI regulations, secretarial standards, insider trading rules, and corporate governance norms during the review period. Two old procedural deviations were flagged — both stemming from the September 2023 AGM: (1) appointment resolutions for independent directors Mr. Devesh Kumar Agarwal and Mr. Arun Lodha were passed as ordinary resolutions instead of the required special resolution, though approved by 99.9996% of shareholders; and (2) AGM proceedings were uploaded late because the Chairman (Late S.S. Jain) met with an accident and was hospitalised. Neither deviation attracted any fine, penalty, or further action from SEBI or the stock exchanges, and management attributed both to inadvertent procedural lapses.
This is a routine annual regulatory filing with no material financial or operational impact. The flagged issues are historical and already resolved, with no penalties imposed. Shareholders should not expect any meaningful effect on stock price or business prospects from this disclosure.