Annual Secretarial Compliance Report for the financial year 2024-25
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Satin Creditcare Network has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required by SEBI's listing regulations. The report, issued by practicing company secretary S. Behera & Co., confirms that the company is in compliance with all applicable SEBI regulations, circulars, and secretarial standards, with no new non-compliances during the review period. Older observations from FY 2022-23 and FY 2023-24 — a delay in compliance under Regulation 50(1) (interest/redemption intimation, Rs. 1,000 fine) and Regulation 60(2) (Rs. 50,000 fine) — have been resolved by paying the penalties. The report also notes a change of statutory auditor: M/s JC Bhalla & Co., Chartered Accountants, has been appointed for a 3-year term until the 37th AGM in 2027, replacing M/s S S Kothari Mehta & Co. LLP.
This is a routine regulatory filing that shows clean compliance status for FY25 with no fresh penalties or SEBI action against the company, promoters, or directors. The auditor change is noteworthy — investors may want to review the new auditor's first few reports for any shifts in accounting observations. Overall, no immediate negative impact on the stock is expected from this disclosure.