BSEBinny LtdMinimalNeutral
Announced Mon, 15 Jun · 17:39 IST

Secretarial Compliance Report FY24 flags board gaps, late filings, SEBI bar

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Binny Ltd's FY24 Secretarial Compliance Report flags an improperly constituted Board and committees, violating SEBI LODR norms. SEBI barred promoters, directors, and CFO from securities markets for 2 years (order 31 Jul 2024) over FY14-FY21 financial irregularities. Late filing fines paid: Rs 2.89L (FY23 audited), Rs 1.71L (Q1 FY24), Rs 2.84L (FY23 Secretarial Report). Shareholding patterns and unaudited results also filed late; AGM not held by 30 Sep 2024.

Likely market impact

Negative: SEBI barred promoters/directors from securities markets for 2 years, plus multiple late filings and weak board composition during FY24.