Submission of Annual Secretarial Compliance Report for the year ended March, 2025 under Regulation 24(A) of SEBI (LODR), Regulations, 2015.
SHYAMMETL · price
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Shyam Metalics and Energy Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as mandated under Regulation 24A of SEBI's Listing Regulations. The report, prepared by KPA & Co., LLP (Practicing Company Secretaries), confirms the company complied with all applicable SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements, with no new observations, deviations, or penalties recorded during the review period. One item carried over from the previous report was flagged: the company had failed to give two working days' prior intimation of a board meeting on a fund-raising proposal, for which NSE and BSE each imposed a Rs 10,000 fine — both fines have since been paid. No actions were taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries during the year.
This is a routine annual compliance filing with no new regulatory red flags, and the only outstanding item — a minor Rs 20,000 fine in total — has already been settled. Unlikely to affect the stock price but reassures shareholders that the company is meeting its listing compliance obligations.