Announced Thu, 29 May · 19:15 IST

Secretarial Compliance Report for the year ended 31st March 2025 under regulation 24 (A) of SEBI LODR

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Awaiting price reaction for this filing.

AI summary

Shree Salasar Investments has filed its Annual Secretarial Compliance Report for FY 2024-25, audited by M/s Mayank Arora & Co. The auditor flagged three non-compliances: (1) the Structured Digital Database (SDD) software was not properly maintained under SEBI Insider Trading Rules, (2) the company delayed appointing a qualified Company Secretary as Compliance Officer beyond the 3-month window required under Regulation 6(1)A, attracting a BSE fine of Rs 47,520 (later remediated by appointing Ms. Dashmeet Kaur effective 1 June 2024), and (3) late filing of voting results in XBRL for the September quarter, attracting a BSE fine of Rs 11,800. The auditor also marked 'NO' on timely adoption and updating of SEBI-mandated policies. The website non-compliance observation from the previous year (Regulation 46 disclosures) remains unaddressed. Total regulatory fines: Rs 59,320.

Likely market impact

Recurring compliance gaps and fresh BSE fines point to weak governance and disclosure practices, though the penalty amounts are small relative to most listed firms. Investors should watch for resolution of the longstanding website and SDD software issues before relying on full regulatory adherence.