Reg 24(A)- Annual Secretarial Compliance Report for the Year Ended 31-03-2025
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Seasons Textiles Limited submitted its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI Regulation 24A, certified by M/s Pramod Kothari & Co, Company Secretaries. The report confirms overall compliance with most SEBI regulations including secretarial standards, insider trading norms, related party transactions, and board processes. However, the company received a notice from BSE and was fined for non-compliance with Regulation 17(1) (non-appointment of Women Director, Rs. 21,500), Regulation 20 (Stakeholder Relationship Committee, Rs. 86,000), and Regulation 24A (late submission of previous year's report, Rs. 44,840 — already paid). The company has made representations to BSE on the women director and committee issues, with a reply still awaited. Earlier compliance issues around past fines, promoter D-mat account freeze, and a Kolkata Stock Exchange delisting (later resolved) are also noted.
Investors should note that the company has a track record of repeated SEBI listing-regulation non-compliances (board composition, committee constitution, and filing delays), attracting multiple penalties. While most issues have been represented or paid, the unresolved BSE representation and ongoing compliance gaps are mild governance red flags that could weigh on the stock if not resolved.