Sakthi Sugars Limited has informed the Exchange regarding 'Annual Secretarial Compliance Report'.
SAKHTISUG · price
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Sakthi Sugars Limited has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2026, as required under SEBI Regulation 24A(2). The report, issued by Practicing Company Secretary R. Dhanasekaran, confirms that the company largely complied with applicable SEBI regulations and secretarial standards. However, one technical non-compliance was identified: the company appointed a non-executive independent director aged over 75 years on the Board's approval date of 13 August 2025, but shareholders' approval via Special Resolution was obtained only on 25 September 2025, creating a gap that violated Regulation 17(1A) of SEBI LODR. As a result, NSE and BSE each levied a fine of Rs. 86,000 (total Rs. 1,72,000). The company stated the Board has reviewed and reaffirmed its commitment to compliance with the regulation.
The regulatory fine of Rs. 1.72 lakh is minor relative to company size, but the non-compliance is a yellow flag for governance-watchers. Shareholders should note the delay in obtaining special resolution approval for the over-75 director appointment, which may draw scrutiny from institutional investors focused on board composition compliance.