Pursuant to Regulation 24A(2) of SEBI(LODR) Regulations,2015, we submit the Secretarial Compliance report dated 25th May 2026 issued by M/s.R.Dhanasekaran, Company Secretary in Practice. ....
SAKHTISUG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sakthi Sugars Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, certified by Practicing Company Secretary R. Dhanasekaran. The report confirms general compliance with applicable SEBI regulations. One technical non-compliance was observed: the Board appointed a non-executive independent director aged over 75 years on August 13, 2025, but shareholder approval via Special Resolution was obtained only on September 25, 2025, creating a time gap that violated Regulation 17(1A) of SEBI (LODR). NSE and BSE each levied a fine of Rs. 86,000 (total Rs. 1.72 lakh) for this delay. The company has reaffirmed its commitment to strong corporate governance practices. All other compliance areas including Secretarial Standards, Related Party Transactions, Insider Trading regulations, and Disclosure requirements were found satisfactory.
The fine of Rs. 1.72 lakh is relatively minor but highlights procedural gaps in director appointment compliance. The company's overall compliance posture remains satisfactory with no material concerns, though this filing serves as a reminder for timely regulatory adherence.