Annual Secretarial Compliance Report for the Financial year ended March 31, 2025
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The company submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI's Listing Regulations. The report, issued by secretarial auditor BLAK & Co., confirms that the company has complied with all applicable SEBI regulations, secretarial standards, and corporate governance norms during the year. No director is disqualified, related party transactions were approved by the audit committee, and no action was taken by SEBI or stock exchanges against the company. During the year, statutory auditor M/s Radheshyam Sharma & Co. resigned due to pre-occupation and was replaced by M/s Ashwani Garg & Associates, who were then reappointed for a five-year term until March 31, 2029. The company was also delisted from the Calcutta Stock Exchange effective April 2, 2025.
This is a routine annual compliance filing with a clean report and no regulatory penalties, which is neutral to positive for shareholders. The Calcutta Stock Exchange delisting has no practical impact on retail investors since the stock continues to trade on BSE (Scrip Code: 500388). The change in statutory auditor is a normal corporate event with no red flags noted.