We hereby submit the Annual Secretarial Compliance Report for the FY ended 31st March, 2025 under the regulation 24A of SEBI (LODR) Regulations 2015.
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Sharpline Broadcast Limited (BSE scrip code 543341, MSE symbol: SHARPLINE) has submitted its Annual Secretarial Compliance Report for FY ending 31st March 2025, as required under SEBI LODR Regulation 24A. The report, issued by V Kumar & Associates (Practicing Company Secretaries) and dated 19th May 2025, was filed on 20th May 2025. The company is broadly compliant with secretarial standards, policies, website disclosures, related party transactions, and insider trading norms. However, the report flags two SEBI confirmatory orders (WTM/AN/ISD/ISD-SEC-1/29733/2023-24 and WTM/AN/ISD/ISD-SEC-1/28040/2023-24) against the company in the matter of stock recommendations made via YouTube for its own scrip, alleging violations of the SEBI Act and PFUTP Regulations. The investigation is ongoing and the company has submitted its reply. The report also notes two temporary compliance lapses during the year — non-appointment of a Company Secretary and non-conforming Board composition — both of which were rectified by 31st March 2025.
This is a routine annual compliance filing, but the SEBI confirmatory orders related to YouTube-based stock recommendations in its own scrip are a serious red flag that may weigh on investor confidence and stock sentiment. Shareholders should monitor the outcome of the ongoing SEBI investigation and any further regulatory actions.