Annual Secretarial Compliance report for financial year 2024-25
SAREGAMA · price
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Saregama India submitted its Annual Secretarial Compliance Report for FY ended 31st March 2025, certified by M R & Associates, Practicing Company Secretaries. The report confirms overall compliance with SEBI listing regulations, with one technical deviation noted: the XBRL filing of AGM voting results (AGM held 27th August 2024) was not uploaded on NSE within the prescribed two-day timeline, though the PDF version was filed on time and the XBRL was successfully filed on BSE within the deadline. NSE levied a Rs. 11,800 fine (inclusive of GST), which the company paid and later had fully waived on 6th November 2024 after explaining it as an isolated technical glitch with no stakeholder impact. All other compliance areas — secretarial standards, insider trading, related party transactions, website disclosures, and director eligibility — were found compliant. The statutory auditor of material subsidiary Pocket Access Pictures Pvt Ltd resigned effective 31st July 2024, with a new auditor appointed on 23rd August 2024 for a five-year term.
This is a routine annual regulatory filing with no material adverse impact on shareholders. The lone compliance lapse was a minor technical issue resolved via a fine waiver, indicating sound overall governance.