Annual Secretarial Compliance Report under regulation 24(A) for FY ended 2025-26
SADHNANIQ · price
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Sadhana Nitro Chem Limited has received its Annual Secretarial Compliance Report for FY ended March 31, 2026, conducted by Hetal Doshi & Associates. The report reveals multiple non-compliances mainly stemming from delays in reconstituting Board committees after Mrs. Ayesha Patel completed her term on December 6, 2025. The company faced fines totaling approximately Rs. 6.5 lakhs across various regulations including Regulation 17(1) for Board composition (Rs. 2,06,500), Regulations 18, 19, and 20 for committee compositions (Rs. 59,000 each), and a significant Rs. 2,18,160 fine for delayed submission of the ASCR report itself. Additionally, promoters' trading accounts were frozen due to the ASCR delay. The company has stated it has taken corrective measures and established practices to prevent future lapses.
While the company eventually complied with all regulatory requirements, repeated filing delays and committee composition issues suggest weak compliance processes. The cumulative fines and account freezing highlight operational risks. Investors should monitor whether the company sustains improved compliance discipline going forward.