Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sahara Housingfina Corporation Limited filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certified by Practicing Company Secretary P.V. Subramanian. The company was generally compliant with SEBI regulations, except for a temporary governance gap between July 31 and August 22, 2024, when the Board, Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee fell short of required Independent Directors (2 IDs) due to resignations on July 31 and August 15, 2024. An Audit Committee meeting on August 14, 2024 also lacked the required quorum. The company appointed 3 new Independent Directors (including a woman director) on August 23, 2024 to fill the vacancies. No fines or penalties were imposed, and no action was taken by SEBI or stock exchanges.
The compliance lapse was short-lived and fully rectified within weeks, with no monetary penalty or regulatory action. Shareholders can take comfort that governance norms are now restored, though the episode reflects past instability on the board.