Annual Secretarial Compliance Report for the Financial year ended 31st March, 2025
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Awaiting price reaction for this filing.
Shahi Shipping Limited's Annual Secretarial Compliance Report for FY ending 31 March 2025 was filed by Practicing Company Secretary Hemanshu Rohit Upadhyay. While most compliance areas (secretarial standards, policies, insider trading, related party transactions, event disclosures) were marked as satisfactory, the company was flagged for not uploading mandatory documents on its website under SEBI Regulation 46(2), including financial results, policies, annual return and terms of appointment of independent directors. BSE imposed 10 separate penalties on the company for late submissions under Reg 13(3), Reg 31 (two instances) and Reg 33, along with six non-compliance penalties under Reg 6(1), totalling roughly Rs 20.07 lakh — none of which have been paid yet. No SEBI advisory, show-cause notice or warning was issued, and no director was found disqualified.
Negative governance signal for shareholders — multiple late filings, unpaid exchange penalties of around Rs 20 lakh, and website disclosure gaps indicate weak compliance culture, which could invite further regulatory action and weigh on investor confidence in the stock.