Enclosed annual Secretarial Compliance certificate under regulation 24A
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Shree Hanuman Sugar & Industries Ltd has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, prepared by Practicing Company Secretary Nupur Mimani. The company is currently under Corporate Insolvency Resolution Process (CIRP), which was initiated on September 27, 2024 by the NCLT Kolkata Bench, and the Board of Directors has been suspended with powers vested in the Resolution Professional. Because of the CIRP status, certain SEBI LODR regulations covering Board composition, committee composition, and meeting frequency (Regulations 17, 18, 19, 20 and 21) are not applicable to the company during the resolution process. A non-compliance was reported under Regulation 6(1) for non-appointment of a Company Secretary, leading to a BSE fine of Rs. 10,850; management stated the appointment could not be completed since the Board is suspended and RP is still working on compliance. Otherwise, the company has complied with most SEBI regulations and BSE's April 2023 ASCR affirmations on policies, website disclosures, insider trading and event disclosures.
Shareholders should note that the company is in active insolvency resolution, which limits normal corporate governance and may keep the stock volatile; the ongoing CIRP and unresolved Board structure could delay routine regulatory compliances and any operational revival depends on the resolution plan outcome.