Pursuant to Regulation 24A of SEBI (LODR) Regulations, 2015 please find enclosed herewith Annual Secretarial Compliance Report for the period ended 31.03.2025.
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Shanti Educational Initiatives Ltd has submitted its Annual Secretarial Compliance Report for FY 2024-25 as required under SEBI LODR Regulation 24A. The Practicing Company Secretary confirmed overall compliance with SEBI regulations, secretarial standards, and insider trading norms. However, the report flagged six instances of delayed or non-timely filings for the quarter ended March 31, 2024, attracting BSE fines totalling about Rs. 3.89 lakh (shareholding pattern, investor grievance report, corporate governance report, secretarial compliance report, RPT XBRL, and consolidated cash flow statement). Delays were attributed to the resignation of the previous Company Secretary and handover gaps. The report also notes that the company suffered a cyber-attack during the year which destroyed some records, affecting document preservation to that extent. Management has stated it has since strengthened its compliance calendar with automated alerts, designated backup officers, and instituted quarterly internal compliance reviews.
This is a routine annual compliance disclosure rather than a business update, so there is no direct impact on operations or earnings. The penalties are small in size and relate to filing delays from over a year ago, which the company has acknowledged and addressed through stronger compliance processes. Shareholders should note the cyber-attack incident as a governance risk point worth monitoring for future disclosures.