Annual Secretarial Compliance Report for the Financial Year 2024-25
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Sharika Enterprises Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report was prepared by Jaivindra Singh & Associates, Practicing Company Secretaries. For FY 2024-25, the company is found compliant across all key areas reviewed, including secretarial standards, policies, website disclosures, director qualifications, related party transactions, insider trading, and event disclosures. No new non-compliances or actions by SEBI/Stock Exchanges were reported during the review period. Two older observations from FY 2022-23 remain pending: a ₹2,59,600 fine for delayed Related Party Transaction (RPT) disclosure under Reg 23(9), and a ₹5,42,800 fine for board composition non-compliance under Reg 17(1). The company has filed waiver applications for both fines.
This is a routine annual compliance disclosure with no fresh regulatory issues, which is mildly positive for shareholder confidence. The two lingering fines from FY23 (totaling about ₹8 lakh) are not material to the company's finances, but resolution of the waiver applications would be a small positive trigger.