Annual Secretarial Compliance Report for the year ended March 31, 2025 is enclosed.
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Shri Gang Industries has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certifying compliance with SEBI regulations. The Practicing Company Secretary (Monika Kohli & Associates) confirmed the company has complied with most applicable regulations including Secretarial Standards, insider trading norms, related party transactions, and disclosure requirements. One non-compliance was flagged under Regulation 31(2) of SEBI LODR: the promoter and promoter group's equity shareholding is only 98.51% in dematerialized form as of March 31, 2025, against the required 100%. This is a continuing issue from the previous year when it stood at 96.87%, showing incremental progress of about 1.64%. No SEBI/BSE action (fine, warning, or show cause notice) has been taken on this matter. The company and its Registrar & Transfer Agent are following up with remaining promoters to dematerialize their shares.
This is largely a routine regulatory filing with no material impact expected on the stock price. The only outstanding issue is a minor, longstanding compliance gap around full dematerialization of promoter holdings, which is steadily improving and has drawn no regulatory penalty so far.