Annual Secretarial Compliance Report- March 2025
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SG Finserve Limited (BSE Scrip Code: 539199) submitted its Annual Secretarial Compliance Report for FY 2024-25, issued by Practicing Company Secretary Anjali Yadav & Associates on May 29, 2025. The company is largely compliant with SEBI regulations, secretarial standards, listing obligations, insider trading norms, and corporate governance requirements. One non-compliance was flagged: the company received an RBI letter on July 3, 2024 regarding its application to convert from NBFC Type 1 to Type 2, but disclosed it to the stock exchange on July 5, 2024, missing the 24-hour disclosure window under Regulation 30; BSE raised a query and the matter has been closed. Annexure A (ongoing non-compliances) is marked Not Applicable, and Annexure B shows two previous observations—a ₹63,720 BSE fine (since waived on September 26, 2024) and a BRSR submission query—have been satisfactorily resolved.
No material compliance concerns for shareholders; the only flag is a minor 2-day delay in disclosing an RBI communication, which was quickly addressed with the exchange. Overall, the company maintains good regulatory standing with no penalties or ongoing actions against it.