Annual Secretarial Compliance Report for the Financial Year ended on 31st March, 2026.
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SBC Exports Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 under SEBI LODR Regulation 24A, examined by M/s Kumar Mandal & Associates, Practicing Company Secretaries. The auditor identified two instances of non-compliance: (1) failure to submit voting results to stock exchanges within stipulated time (Regulation 44(3)), attracting a fine of Rs. 10,000 from each of NSE and BSE; and (2) failure to submit Annual Report to exchanges within the prescribed period (Regulation 34), attracting a fine of Rs. 2,000 from each exchange. The report also notes that the company received notices from NSE and BSE for non-compliance, resulting in penalties. Previous year observations regarding newspaper advertisements, XBRL intimation timing, shareholder approval for director continuation, and bonus issue in-principal approval were also reviewed, with the company having taken corrective actions including strengthening its internal compliance monitoring mechanisms.
The filing reveals regulatory non-compliance and penalties totaling Rs. 12,000 from both exchanges, indicating weak governance controls. However, the company has taken remedial measures and strengthened compliance systems, which may limit long-term negative impact on investor sentiment.