The Company has submitted Annual Secretarial Compliance Report under Reg 24(A)of the SEBI LODR Regulations 2015 for the year ended 31.03.2026
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Shangar Decor Limited has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, as mandated under SEBI LODR Regulation 24A. The report, issued by Practicing Company Secretaries A B Udani & Associates, confirms that the company is largely compliant with applicable SEBI regulations including Secretarial Standards, Insider Trading norms, Related Party Transactions, and Disclosure requirements. A notable finding is that SEBI had previously imposed a fine on the company for non-compliance with Regulation 17(1) regarding inadequate Independent Director appointments. The company has since paid the fine and appointed the required Independent Director effective April 3, 2026. The secretarial auditor noted no disqualification of any director under Section 164 of the Companies Act, 2013.
The company has addressed its past regulatory non-compliance by appointing adequate Independent Directors, which should ease investor concerns about governance issues. The fine payment and subsequent compliance demonstrate corrective action taken by the management.