Annual Secretarial Compliance Report as of 31st March, 2025
SHILCTECH · price
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Shilchar Technologies submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, as mandated under SEBI LODR Regulation 24A. The Practicing Company Secretary (Kashyap Shah & Co.) reviewed the company's compliance with SEBI regulations and found overall satisfactory adherence. However, two minor non-compliances were flagged: a fine of Rs. 1,84,000 plus GST imposed by BSE for non-compliance with Regulation 21(2) regarding the composition of the Risk Management Committee, and a delayed filing under Regulation 30 concerning changes in directors and shareholding. The report confirmed no auditor resignations occurred during the review period, the company has no subsidiaries, and all key governance areas including insider trading, related party transactions, website maintenance, and performance evaluation were compliant.
This is a routine annual compliance filing with no major red flags for shareholders. The BSE fine of Rs. 1.84 lakh for Risk Management Committee composition issues and a delayed disclosure filing are minor governance lapses, but overall the company maintains satisfactory compliance with SEBI regulations, which should not materially affect the stock price.