Revised Annual Secretarial Compliance Report for the Financial Year ended on 31st March 2025
SADHNANIQ · price
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Sadhana Nitro Chem Ltd has submitted a revised Annual Secretarial Compliance Report for FY 2024-25 to BSE, correcting typographical errors in its earlier filing. The report, issued by Hetal Doshi & Associates (Practicing Company Secretaries), highlights multiple compliance lapses during the year. The company faced fines totalling Rs. 3,50,000 from stock exchanges for issues including Rs. 2,15,000 for non-compliance with board composition rules (Reg 17(1)(b) for Q ended Dec 2024), Rs. 85,000 for delayed related party transaction disclosure (Reg 23(9)), Rs. 25,000 for not disclosing its Dividend Distribution Policy (Reg 43A), Rs. 10,000 for delayed Corporate Governance Report (Reg 27(2)), Rs. 10,000 for record date gap issues (Reg 42), and Rs. 5,000 for delayed investor complaint disclosure (Reg 13(3)). Additional advisories were issued for delays in board meeting outcomes, share certificate filings, and other disclosures. The company also failed to maintain proper records in its Structured Digital Database (SDD) for insider trading compliance and had discrepancies in RPT disclosures (mixing millions and lakhs as units). The company has filed a waiver application for the board composition fine and stated it is strengthening internal processes.
Multiple SEBI compliance failures and accumulated fines point to weak filing discipline and governance gaps, which may concern retail investors. However, the fines are modest in absolute terms, and the company appears to be taking corrective steps, limiting immediate material risk to shareholders.