Please find enclosed herewith revised Annual Secretarial Compliance Report for the FY ended 31.03.2025.
SALASAR · price
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Salasar Techno Engineering has submitted a revised Annual Secretarial Compliance Report for FY 2024-25 to the stock exchanges, correcting a scanning error (one omitted page) and minor typos from its earlier submission. The report, prepared by Deepika Madhwal & Associates, flags three small compliance lapses during the year, all of which attracted monetary fines that the company has already paid: a 15-day delay in filing a trading approval application (BSE fine of Rs 3,54,000), a 1-day delay in giving prior intimation of a board meeting (BSE/NSE fine of Rs 11,800), and a 1-day delay in disclosing related party transactions (BSE fine of Rs 5,900). Other than these, the company is in compliance with secretarial standards, insider trading rules, and SEBI LODR disclosure norms. The report also notes that the company recently acquired EMC Limited under the IBC, 2016, making it a wholly owned subsidiary, alongside its existing subsidiary Adorus Infra LLP.
The violations are minor, procedural, and already settled with fines paid, so the impact on shareholders is limited. Investors should note the new wholly owned subsidiary (EMC Limited) acquired through the insolvency process, which could be material to future business or asset disclosures.