Annual Secretarial Compliance report for year ended 31st March 2025.
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SBC Exports has submitted its Annual Secretarial Compliance Report for FY25, signed by Practicing Company Secretary Kumar Mandal & Associates. The report flags four non-compliances during the year: (1) financial results were not advertised in a regional language newspaper as required, (2) the XBRL intimation for the trading window closure ahead of the July 26, 2024 board meeting was filed late to NSE due to technical issues, (3) shareholder approval was not obtained for director Mrs. Deepika Gupta to continue on the board, and (4) the in-principle approval application for a bonus issue was submitted to NSE on February 27, 2025, well after the January 24, 2025 board meeting and beyond the prescribed timeline. No penalties were imposed on the company for these four instances, and no action was taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries during the year. A prior-year observation about a 5-day delay in appointing Independent Directors was resolved with a Rs. 29,500 fine paid to BSE.
The listed company has multiple procedural compliance lapses related to disclosure timing and board approvals, though none attracted penalties this year. Minor governance red flags for investors to monitor, but no direct financial or share-price impact.