Please find enclosed herewith Annual Secretarial Compliance Report for the FY 2025-26
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SGL Resources Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 (ending 31 March 2026) with significant regulatory non-compliances. The Practicing Company Secretary, Harish P. Jain & Associates, identified 7 violations mainly related to Regulation 33 (financial result filings) and Regulation 24A. The company paid total fines of Rs 8,83,820 across multiple delayed filings for quarterly and annual financial results. Management cited 'unavoidable circumstances' for all violations. The report also noted frequent changes in statutory auditors during the year, with three different firms being appointed and resigning. Despite the non-compliances, other areas like secretarial standards, related party transactions, insider trading norms, and website disclosures showed compliance.
Multiple delayed filings and Rs 8.84 lakh in fines indicate weak operational controls and poor governance practices. The frequent auditor changes raise concerns about internal stability. Shareholders should monitor if the company improves its compliance framework going forward.