Compliance Report under Reg 24(A) for the year ended 31.03.2025

Shraddha Prime Projects Ltd submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, as required under SEBI LODR Regulation 24(A). The Practicing Company Secretary confirmed overall compliance with SEBI regulations, secretarial standards, and corporate governance norms, though several issues were flagged. BSE imposed total penalties of approximately Rs. 8.55 lakh (Rs. 5,42,800 for Q2 FY23 and Rs. 3,12,700 additional) for non-compliance with Minimum Public Shareholding (MPS) norms under Regulation 38, as the promoter's method of offloading 20,239 shares did not match SEBI's prescribed mode, leading to freezing of promoter and promoter group demat accounts. The company also faced an Income Tax search and seizure operation during the year but fully cooperated, and a 2-minute delay in filing a board meeting outcome occurred due to an internet outage (no penalty). The statutory auditor M/s AVHP & Company LLP's term expired at the 32nd AGM on September 26, 2024, and they did not seek re-appointment. Management is actively pursuing resolution of the reclassification and MPS-related matters with BSE.