Annual Secretarial Compliance Report 31st March 2026
SHINDL · price
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Sharat Industries Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 with BSE, as mandated under SEBI Regulation 24A. The report was issued by BP & Associates, Practicing Company Secretaries, and covers compliance with all applicable SEBI regulations including LODR, ICDR, SAST, and PIT regulations. The secretarial auditor has confirmed that the company has complied with all statutory provisions during the review period, with no current violations or deviations reported. All 13 compliance checkpoints, including secretarial standards, website disclosures, director disqualification, related party transactions, and insider trading norms, showed satisfactory compliance. However, the report notes ongoing historical issues dating back to the IPO where certain public shareholders were inadvertently classified as promoters, affecting dematerialization and transfer compliance. The company is seeking SEBI relaxation under Regulation 102 to rectify this misclassification.
Positive signal for shareholders as the company maintains full regulatory compliance for FY 2025-26 with no penalties or actions from SEBI or stock exchanges. However, the unresolved shareholder classification issue from the IPO era remains pending SEBI approval and could affect future compliance if not addressed.