Pursuant to Regulation 24A of SEBI (LODR) Regulations 2015 for the year ended March 31, 2025
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SNL Bearings submitted its Annual Secretarial Compliance Report for the year ended March 31, 2025 to BSE, as required under SEBI's Listing Regulations. The Practising Company Secretary confirmed full compliance with all applicable SEBI regulations, circulars and Secretarial Standards during FY2025, with no new non-compliances, no director disqualifications, and no actions taken by SEBI or stock exchanges against the company. The company has no subsidiaries, which simplifies its disclosure obligations. The report also revisits a prior-year issue: a Rs. 1,15,640 fine (including GST) imposed by BSE for delaying a special resolution needed when a Non-Executive Director, Mr. Satish Rangani, turned 75 in November 2023. The resolution was eventually passed in March 2024 via postal ballot, and the company had applied for a waiver of the fine in March 2024, but as of the report date, BSE had not responded.
For shareholders, this is a routine governance filing confirming SNL Bearings was compliant on all fronts in FY2025 with no new penalties. The only loose end is the unresolved BSE fine of about Rs. 1.16 lakh from FY2024, pending waiver — a small amount relative to the company, but worth tracking for closure.