Enclosed herewith Annual Secretarial Compliance Report for the financial year ended 31st March, 2025
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Shashijit Infraprojects Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, signed by Practicing Company Secretary Nitesh P. Shah. The report confirms overall compliance with SEBI regulations, including secretarial standards, insider trading rules, related party transactions, and corporate governance requirements. One deviation was flagged: the company submitted its FY2024 financial results at 12:00:12 AM on 31 May 2024, which fell just past the 60-day deadline under SEBI LODR Regulation 33(3). BSE imposed a penalty of Rs 5,000 plus GST, which the company has already paid, and the company has applied for a waiver of this penalty in July 2024, which is still under processing. The board explained the delay was because the approval board meeting concluded at 11:50 PM on 30 May 2024, with filings made within 30 minutes. No other non-compliances were observed during the review period.
For shareholders, this is a routine regulatory filing with no material business impact. The single flagged issue involves a minor technical delay of minutes that led to a small Rs 5,000 penalty already paid. No major governance red flags, and the company has sought a waiver, suggesting minimal long-term effect on the stock.