Annual Secretarial Compliance Report of the company
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Saptak Chem and Business Ltd filed its Annual Secretarial Compliance Report for FY 2024-25, confirming overall compliance with SEBI LODR regulations and secretarial standards. The report flagged two minor non-compliances: a 2-day delay in filing related party transaction disclosures in XBRL mode (fine of ₹11,800) and a 1-day delay in submitting last year's secretarial compliance report (fine of ₹2,360), totaling ₹14,160 in BSE penalties. During the year, statutory auditor M/s Aniket Goyal & Associates retired at the AGM and was replaced by M/s Meet Shah & Associates for a 3-year term; Mr. Keyur Shah was appointed as internal auditor. A scheme of capital reduction was approved at the AGM but remains pending at NCLT Ahmedabad. The company also changed its Company Secretary (Ms. Meera Panchal resigned, Ms. Krishna Bhavsar appointed from Jan 16, 2025) and shifted its registered office within Ahmedabad.
This is a routine compliance filing with no material business impact; the minor BSE fines are insignificant in size and have already been remediated. Investors may want to track the pending NCLT capital reduction scheme as it could affect share capital structure.