We are submitting herewith the Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2025 issued by M/s. MR & Associates, Company Secretaries.
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Shalimar Wires Industries has submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by MR & Associates, Company Secretaries. The review flagged several procedural lapses against SEBI LODR Regulations: (1) delayed intimation to BSE for closing the trading window for Q3 FY25 (quarter ended 31.12.2024), (2) Independent Directors' registration with the IICA databank still under process (a continuing default from FY 2023-24), (3) the company published a newspaper advertisement for Q3 FY25 financial results without the mandatory Quick Response (QR) code, (4) Integrated Filing for Q3 FY25 was submitted late (on 05.03.2025), (5) the intimation of a change in directors to BSE was delayed by 2 minutes and not in the prescribed format, and (6) only partial compliance with using Digital Signature Certificate (DSC) for stock exchange filings. No action has been taken against the company, its promoters, or directors by SEBI or the stock exchanges. The company has no subsidiaries and no statutory auditor resignations during the year.
These are largely administrative and procedural non-compliances with no major financial penalty or regulatory action against the company. However, several of these lapses are repeat/continuing defaults from the previous year (especially Independent Director IICA registration and DSC use), suggesting weak compliance culture. Minor negative governance signal for shareholders, but no immediate threat to share price or business operations.