Annual Secretarial Compliance Report for the FY ended on 31st March 2025
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Shradha AI Technologies Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25, certified by Practicing Company Secretary CS Riddhita Agrawal. For the current review period, the company reported NIL deviations and full compliance with SEBI (LODR) Regulations, 2015 across all examined areas including Secretarial Standards, policies, website disclosures, related party transactions, and insider trading. The report references a prior-year observation from FY 2023-24 about the absence of a Chairperson on the Stakeholders Relationship Committee (quarter ended Dec 2023), for which a penalty of Rs. 1,29,800 (incl. GST) each was imposed by BSE and MSEI; the company paid the fines but its waiver application was rejected in June 2024. The company also added Moodscope AI Private Limited as a subsidiary effective 7 December 2024 after subscribing to 51% of its equity shares. No actions were taken by SEBI or the stock exchanges against the company during FY 2024-25.
This is a routine regulatory compliance filing with no new penalties or non-compliance issues for FY 2024-25, which is mildly positive for governance perception. The earlier Rs. 1.29 lakh penalty per exchange from FY 2023-24 stands as a paid but non-waived liability, and the addition of Moodscope AI as a 51% subsidiary signals a strategic expansion into AI-related operations.