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Shree Precoated Steels Ltd has submitted its Annual Secretarial Compliance Report for FY2024-25, certifying review by Practicing Company Secretary Mrs. Shreya Shah. The company largely complied with SEBI LODR Regulations, except for five minor instances of non-compliance: (1) 4-day delay in filing Investor Grievance Report XBRL for Q3 FY25, (2) 4-day delay in filing Corporate Governance Report XBRL for Q3 FY25, (3) failure to seek shareholder approval for continuation of Mr. Nilesh Sarvaiya as Non-Executive Non-Independent Director at the September 2024 AGM, (4) missing requisite disclosures in AGM Notice regarding appointment of Statutory Auditors M/s V. Parekh & Associates, and (5) late submission of postal ballot voting results attracting a Rs. 10,000 + 18% GST penalty (paid, waiver application pending with BSE). No fines were imposed for the first four lapses and the company confirmed it will seek the pending director approval at the 2025 AGM.
The non-compliances are procedural/administrative in nature with no fines except the Rs. 11,800 penalty already paid (plus pending waiver). Minor governance lapses on shareholder approvals and AGM disclosures may raise governance quality concerns for retail investors, but no material business or financial impact is indicated.