Annual Secretarial Compliance report for the year ended 31st March 2025
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Awaiting price reaction for this filing.
Sangam Finserv Limited filed its Annual Secretarial Compliance Report for the financial year ending 31st March 2025, as required by SEBI's LODR regulations. The Practicing Company Secretary (BK Sharma & Associates) reported NIL new deviations or non-compliances during the review period. The company is compliant across key areas including secretarial standards, policies, website disclosures, insider trading regulations, related party transactions, and event disclosures. A previous-year issue was flagged: Mr. Ratan Lal Samriya continued as Non-Executive Independent Director after attaining the age of 75 without obtaining the required shareholder special resolution, violating Regulation 17A of SEBI LODR. BSE imposed fines totalling Rs. 2,66,680 (including GST) for the December 2023 and March 2024 quarters, which the company has paid in full. A Waiver Application was filed with BSE on 24.02.2024 and is currently under consideration.
This is a routine annual compliance filing with no new material non-compliances, which is a positive signal for shareholders. The previously paid fine of about Rs. 2.67 lakh and the pending waiver application are legacy matters and unlikely to materially affect the stock price.