Please find enclosed herewith Annual Secretarial Compliance Report for the financial year ended 31st March 2026 issued by Mehta & Mehta, Company Secretaries.
SAHYADRI · price
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Sahyadri Industries Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, as mandated under SEBI Regulation 24A. The secretarial auditor M/s. Mehta & Mehta has identified one deviation: the company failed to file the Related Party Transaction (RPT) disclosure for the quarter ended September 30, 2025 within the prescribed time and format under Regulation 23(9) of SEBI LODR. The RPT was later ratified by the Audit Committee but prior approval was not obtained initially. The company has no subsidiary or material subsidiary. Overall, the company has complied with Secretarial Standards, SEBI regulations on insider trading, document preservation, performance evaluation, and disclosure requirements.
The single compliance deviation regarding delayed RPT filing is a minor governance lapse but is unlikely to have significant impact on the stock. However, the report highlights that the company needs to strengthen its process for obtaining prior Audit Committee approvals for related party transactions and timely regulatory filings.