Please find enclosed herewith Annual Secretarial Compliance Report under Reg 24A of SEBI(LODR)Reg, 2025 for the FY 2024-25 issued by M/s Kirti Sharma & Associates, Secretarial Auditor of the Company
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Shalimar Productions Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI (LODR) Regulations. The report was issued by Kirti Sharma & Associates, Practicing Company Secretaries. The company was found to have delayed submitting voting results of its AGM held on September 30, 2024 beyond the 48-hour deadline under Regulation 44(3), attracting a BSE-imposed fine of Rs. 10,000 plus GST (Rs. 11,800 total), which was paid on October 27, 2024. A prior year non-compliance (FY 2023-24) involved a Rs. 5,000 plus GST penalty for delayed related party transaction disclosure. The auditor also flagged that two independent directors have expired registrations in the Independent Directors database awaiting renewal, and noted the resignation of non-executive director Mr. Kailash Ram Gopal Chhaparwal (intimated to BSE with a 7-day delay). Apart from these, the company is broadly compliant with SEBI regulations, secretarial standards, and corporate governance norms.
The flagged issues are minor compliance lapses with small penalties already paid and no ongoing regulatory action. Shareholders should note the repeated pattern of filing delays, which reflects weak internal compliance processes though the financial and operational impact is negligible. The stock price is unlikely to be materially affected by this routine annual filing.