Annual Secretarial Compliance Report for the Financial Year Ending on 31.03.2026.
SELMC · price
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SEL Manufacturing Company Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, which reveals four regulatory non-compliances. The company failed to achieve Minimum Public Shareholding (Regulation 38), has been without a qualified Company Secretary/Compliance Officer since 13th March 2026, delayed submission of Shareholding Patterns for Q2 and Q4 of FY26 (Regulation 31), and missed the deadline for prior intimation of a Board meeting held on 10th November 2025 (Regulation 29). Total fines imposed amount to ₹5,81,440 across BSE and NSE. The company cited financial distress and challenges following its Corporate Insolvency Resolution Process (CIRP) as reasons for non-compliance. The secretarial auditor notes the company's website is also non-functional.
The multiple regulatory non-compliances, especially the vacant Compliance Officer position and unpaid fines, signal weak corporate governance and financial stress. This may negatively impact investor confidence and could lead to additional penalties or regulatory action if the issues are not rectified promptly.