Annual Secretarial Compliance for the year ended 31st March, 2026
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Shukra Jewellery Limited received its annual secretarial compliance review for FY 2025-26, conducted by Practicing Company Secretary Kishor Dudhatra. The report shows mixed compliance: the company has proper board processes, complies with secretarial standards, insider trading norms, and maintains a functional website. However, multiple non-compliances were flagged by BSE. The company failed to appoint a Woman Director and proper committee compositions (Audit and NRC) under Regulations 17(1), 18(1), and 19(1)(2), resulting in total fines of Rs 759,920 for board/committee composition issues. Promoter's 48,900 equity shares remain in physical form with misplaced share certificates pending dematerialization. The company failed to publish quarterly financial results in newspapers (Q2-Q4 FY25-26) and missed mandatory website disclosures under Regulation 46, citing financial shortage. Late payment of listing fees for both FY 2024-25 and 2025-26 was also noted. A Company Secretary was not appointed from June 2022 until November 2025, leading to Rs 5,37,080 in cumulative fines which remain unpaid.
The company has accumulated significant unpaid fines from BSE (totaling over Rs 12 lakh across all violations) and remains under regulatory scrutiny. Financial constraints appear to be affecting compliance capabilities. The company has claimed compliance as per Annual Report but has not settled the imposed penalties, which could lead to further regulatory action.