Annual secretarial compliance report for the FY 2025-26
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Shivam Autotech has received its annual secretarial compliance report for FY 2025-26 from Yogesh K & Associates. The company issued Optionally Convertible Debentures totaling Rs. 120 crore (Rs. 75 crore Tranch-1 and Rs. 45 crore Tranch-2) during the year. The monitoring agency (Care Rating) flagged two issues: Rs. 105.15 crore was used for NCD repayment and reimbursement, but the utilization deviated from the implementation schedule and no Board approval was obtained for the reimbursement. Additionally, Rs. 4.99 crore of the Rs. 5 crore working capital deployment remained unused by March 31, 2026. Previous compliance issues were also noted including late RPT disclosure (1-day delay, Rs. 10,000 fine) and non-obtainment of in-principle approval for OCDs (fines totaling Rs. 1.18 lakh paid). Overall, most compliance areas showed 'Yes' with no major penalties in the current period.
The current period shows minor deviations related to OCD utilization procedures but no major penalties. Previous fines have been paid. The company maintains basic SEBI compliance but shareholders should note the procedural gaps in fund deployment and approvals.