ENCLOSED HEERWITH CERTIFICATE ISSUED UNDER REG 24 A FOR THE YEAR ENDED 31/03/2025
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Awaiting price reaction for this filing.
Sanmit Infra Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI's Listing Regulations. The report, issued by Practicing Company Secretary Ramesh Chandra Mishra & Associates, confirms that the company has generally complied with applicable SEBI regulations, secretarial standards, and corporate governance norms during the year. Importantly, BSE had previously levied a Standard Operating Procedure (SOP) fine of Rs. 1,55,46,500 on the company for non-compliance of Regulation 23(9) related to related-party transaction disclosures for the quarters ended September 2020 and March 2021, but BSE withdrew this fine on 23 April 2025. Another smaller SOP fine of Rs. 88,500 for Regulation 17(1) non-compliance (board composition) was also waived. No new adverse actions were reported by SEBI or stock exchanges during the review period.
Positive for shareholders: prior regulatory penalties totalling over Rs. 1.5 crore have been withdrawn or waived, clearing the company's compliance record. No material adverse governance issues were identified, so this filing is routine and unlikely to move the stock price meaningfully.