Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanco Trans Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, prepared by A.K. Jain & Associates, Practicing Company Secretaries. The report flagged two non-compliance instances: (1) the Board did not have the required number of Independent Directors from September 15, 2024 to January 17, 2025 under Regulation 17(1) of SEBI LODR, resulting in a BSE fine of Rs. 6,37,200 (incl. GST); the company has since appointed two Independent Directors (including a woman director) on January 18, 2025 and paid the fine, and (2) the Stakeholders Relationship Committee composition was not as per Regulation 21(2) of SEBI LODR, leading to a BSE fine of Rs. 37,760 (incl. GST), which has also been paid with a waiver request submitted. The company is otherwise in compliance with Secretarial Standards, insider trading norms, related party transaction rules, and disclosure requirements.
Shareholders should note that while the company faced governance-related penalties totalling approximately Rs. 6.75 lakhs for Board and Committee composition lapses, these issues have since been remediated with required appointments made and fines paid, suggesting improved compliance going forward with no material impact on operations.