Annual Secretarial Compliance Report for the Financial Year 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sharika Enterprises Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary (Jaivindra Singh & Associates) reviewed the company's compliance with SEBI regulations and confirmed the entity is generally compliant for the review period. Two prior non-compliances from FY 2022-23 remain unresolved in terms of penalties: ₹2,59,600 fine for non-submission of Related Party Transaction details (Reg 23(9)) and ₹5,42,800 fine for non-compliance with board composition requirements (Reg 17(1)). The company has filed waiver applications for both fines, but neither penalty has been paid to date. All other compliance areas — secretarial standards, policies, website disclosures, insider trading, and event disclosures — are marked compliant.
This is a routine annual compliance filing with no new violations reported for FY 2024-25, which is neutral to slightly positive for shareholders. However, two outstanding fines totaling approximately ₹8 lakh from earlier years remain pending despite waiver applications, representing a minor unresolved regulatory overhang.