Secretarial Compliance Report under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026.
Awaiting price reaction for this filing.
Sankhya Infotech Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, which reveals multiple regulatory non-compliances. The company failed to submit Annual Reports and Secretarial Compliance Reports for FY 2022-2025, attributed to the Corporate Insolvency Resolution Process (CIRP) and subsequent management transition. Key violations include: non-appointment of a qualified Company Secretary as Compliance Officer (fine of Rs 1,07,380 imposed by BSE), failure to maintain Minimum Public Shareholding at 25% (due to Resolution Plan concentration), non-submission of Quarterly Corporate Governance Reports for 14 consecutive quarters, delayed financial results filings, and non-maintenance of a functional website. The Practicing Company Secretary has issued warnings and the company has been advised to regularize all pending compliances and strengthen its governance framework.
This filing reveals significant and prolonged compliance failures. While the company attributes most issues to the CIRP period, investors should note the Rs 1.07 lakh fine for missing a Compliance Officer, ongoing failure to meet Minimum Public Shareholding requirements (which could attract regulatory action), and persistent governance gaps that the company is only now beginning to address.