Please find the attached Annual Secretarial Compliance Report for Year ended 31st March 2025.
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Sikozy Realtors Ltd (BSE: 524642), a small-cap listed realty company based in Karjat, Raigad, has filed its Annual Secretarial Compliance Report for FY 2024-25 with BSE. The Practising Company Secretary flagged multiple non-compliances with SEBI LODR regulations: (i) appointment of Non-Executive Independent Director Ms. Priyanka Garg was delayed by over 3 months from the AGM, (ii) resignation of Independent Director Ms. Dolly Punjabi was not intimated to the stock exchange within the mandatory 24 hours, (iii) trading window closure for the quarter ended June 30, 2024 was intimated with a 3-day delay, (iv) no formal Compliance Officer has been designated under PIT Regulations, (v) voting results and AGM proceedings for the September 30, 2024 AGM were submitted with 3-day delays, attracting a BSE fine of Rs. 11,800, and (vi) the promoter failed to submit yearly encumbrance disclosures under the Takeover Code. Additionally, Executive Director Mr. Prashant Zade has not attended any Board meeting in the last 12 months, which may require vacation of office under Section 167 of the Companies Act, 2013. The company's website is also not fully updated, with annual returns missing for FY 2020-21 through FY 2023-24.
The accumulation of compliance lapses, penalties, and a potentially disqualified director signals weak governance standards, which could draw further regulatory action from BSE/SEBI and may weigh negatively on investor confidence in the stock.