We hereby submit the Revised Annual Secretarial Compliance Report for the FY ended 2025 under the Regulation 24(A) of SEBI(LODR) Regulations, 2015.
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Sharpline Broadcast Limited has filed its Revised Annual Secretarial Compliance Report for FY2024-25 with BSE, prepared by V Kumar & Associates. The report confirms compliance with most SEBI LODR requirements including secretarial standards, insider trading rules, related party transactions, and website disclosures. However, it flags two SEBI confirmatory orders against the company related to alleged stock manipulation via YouTube recommendations, with investigations still ongoing. The company also disclosed that during the year it had no Company Secretary (later appointed on 24 April 2025) and the Board composition was temporarily non-compliant, though both issues were rectified by 31 March 2025. Additionally, the Statement of Impact of Audit Qualifications was initially filed in the wrong format but was corrected within a day after BSE's observation.
The SEBI actions and ongoing investigations related to suspected stock price manipulation via YouTube are a serious negative overhang that could lead to penalties or further regulatory action, potentially weighing on the stock. Other non-compliances have been rectified, so they are unlikely to have lasting impact.