Dear Sir, Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose Secretarial Compliance Report for the year ended March 31, ....
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Shiva Global Agro Industries has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by V&V Co. LLP. The company is largely compliant with SEBI regulations covering secretarial standards, policies, website disclosures, director qualifications, related party transactions, insider trading, and event disclosures. One minor non-compliance was flagged: the FY2022-23 Secretarial Compliance Report had to be re-filed in a revised format as instructed by BSE, attracting a penalty of Rs. 2,000, which the company has accepted and rectified. The report also notes that the company has 3 material subsidiaries (Shiva-Parvati Poultry Feed, Shrinivasa Agro Foods, and Ghatprabha Fertilizers), and shareholders approved their disposal via a special resolution at the 32nd AGM held on September 21, 2024. No action has been taken by SEBI or stock exchanges against the company during the year.
No material impact on shareholders. The compliance report is routine and largely clean, with only a minor Rs. 2,000 penalty for a formatting issue. Investors should note the ongoing process of divesting the three material subsidiaries as approved by shareholders.