Please find enclosed herewith the Annual Secretarial Compliance Report for the financial year ended March 31, 2026 issued by M/s Sonia Rani & Associates, Practicing company secretary. Pursuant ....
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Sea TV Network Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 (ending March 31, 2026) pursuant to SEBI Regulation 24A. The Practicing Company Secretary, M/s Sonia Rani & Associates, has reported that the company has generally complied with applicable SEBI regulations but noted several deviations: (1) Late submission of Secretarial Compliance Report for FY 2024-25 due to data collation requirements and subsequent auditor change, resulting in BSE fines of Rs 1,01,480 and Rs 1,29,800 (both paid); (2) Late submission of Impact of Audit Qualification under Regulation 33 due to a technical error, resulting in a fine of Rs 59,000 (paid after waiver request was rejected); (3) Alleged non-compliance regarding Woman Director composition for Q3 2023, though BSE ultimately waived the Rs 9,77,040 fine after the company clarified the Woman Director had been on board since March 2016. The report also notes significant board changes with two new independent directors appointed and two resignations, along with CFO transitions during the year.
The filing reveals a pattern of compliance delays and regulatory penalties totalling approximately Rs 2.90 lakh (excluding the waived fine), indicating weak internal controls. While BSE waived one major fine and all penalties have been paid, the repeated submission delays and audit qualification issues suggest operational challenges. Investors should monitor whether the company maintains timely compliance going forward.