BSESiddha Ventures LtdMinimalNeutral
Announced Wed, 28 May · 17:42 IST

Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI circular no CIR/CFD/CMD1/27/2019 dated February 8, 2019 please find ....

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Siddha Ventures Limited (BSE Scrip Code: 530439), a Kolkata-based listed entity, filed its Annual Secretarial Compliance Report for FY 2024-25 with BSE as required under Regulation 24A of SEBI LODR Regulations. The report was issued by M/s Dash M & Associates, Company Secretaries. The auditor identified five non-compliance issues relating to SEBI LODR provisions — covering disclosure of materiality policy (Reg 30(4)), KMP authorization for materiality determination (Reg 30(5)), material event disclosure by a subsidiary (Reg 30(8)), and familiarization programmes for Independent Directors (Reg 25(7), 25(8) & 25(9)). All issues except the subsidiary-related material event disclosure have been remedied by the company. The report also notes past violations of insider trading regulations regarding the Structured Digital Database (SDD), though compliance was achieved during the review period; the entity still shows as SDD non-compliant on the BSE portal. No penalties or actions were imposed by SEBI or stock exchanges. A new statutory auditor was appointed as the previous one's term ended.

Likely market impact

The filing highlights multiple past compliance gaps with SEBI LODR regulations, most of which have since been corrected, signalling governance lapses that investors should note. The unresolved subsidiary material event disclosure and the lingering SDD non-compliant status on the BSE portal could attract further regulatory scrutiny.