We are submitting herewith Annual Secretarial Compliance Report for the year ended March 31, 2026.
SHAKTIPUMP · price
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Shakti Pumps India Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26 (year ended March 31, 2026), examined by Practicing Company Secretaries M. Maheshwari & Associates. The report indicates major compliance with SEBI regulations, but flags two past deviations from FY 2024-25: (1) late submission of Statement of Deviation/Variation for Q2 by 14 days (Regulation 32 violation), and (2) a Rs 2 lakh penalty under PIT Regulations that was subsequently quashed by SAT order dated January 29, 2025. Additionally, certain related party transactions did not receive prior Audit Committee approval but were later ratified. All other compliance areas including Secretarial Standards, policies, website disclosures, director qualifications, document preservation, and performance evaluations were found satisfactory.
The filing shows minor historical compliance lapses that have been addressed or are being contested legally. The SAT quashing of the PIT penalty is a positive development. The related party transaction procedural issue, while noted, was subsequently ratified. Overall impact on shareholders appears neutral, as the company maintains general regulatory compliance.