Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026.
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Saatvik Green Energy Limited filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by SGGS & Associates. The company, which listed on BSE and NSE in September 2025 following its IPO, reported compliance across all major SEBI regulations including LODR, ICDR, SAST, SBEB & Sweat Equity, PIT, and Depositories regulations. The auditors noted one procedural deviation: a wholly-owned subsidiary (WOS) entered a related party transaction with a non-WOS subsidiary without obtaining prior Audit Committee approval. The transaction exceeded the threshold for post-facto ratification, so the matter was escalated to the Board of Directors, which approved it within three months of execution. Management attributed this to an oversight during the initial RPT identification process and confirmed the transaction was at arm's length and in the ordinary course of business. The auditor also suggested strengthening internal controls around the Structured Digital Database (SDD), particularly for recording UPS/events. No other non-compliances, SEBI actions, or statutory auditor resignations were observed during the review period.
The report is largely clean with no material regulatory violations, though the related party transaction approval lapse is a minor governance gap. The company took corrective action by obtaining Board approval retroactively. The suggested SDD control improvement is a housekeeping item and does not indicate any current non-compliance.