Annual Secretarial Compliance Report for the Financial Year ended on 31 March 2026
SHREDIGCEM · price
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Shree Digvijay Cement Company Ltd has filed its annual secretarial compliance report for FY 2025-26, examined by Practicing Company Secretary Manoj R. Hurkat & Associates. The company reported two regulatory deviations. First, it delayed submission of Related Party Transaction statement under SEBI Regulation 23(9) for the half-year ended September 30, 2025, resulting in a fine of Rs. 53,100 imposed by NSE, which the company paid. Second, following the resignation of Mr. R. Krishnakumar as WTD & CEO on February 6, 2026, the board composition fell to five directors against the mandatory minimum of six for Top 1000 listed entities under Regulation 17(1)(c). The company is in the process of filling this vacancy. All other compliance areas including secretarial standards, policies, website disclosures, insider trading norms, and related party transactions were found satisfactory.
The board composition issue is a regulatory concern as the company falls below the minimum director requirement. While the NSE fine for the delayed filing has been paid, the company needs to appoint a director quickly to restore compliance. These are procedural lapses rather than financial red flags, but investors should monitor the board appointment process.