Submission of Annual Secretarial Compliance Report for the financial year ended 31st March, 2025
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Sobhagya Mercantile Ltd submitted its Annual Secretarial Compliance Report (ASCR) for FY2024-25 to BSE on 30th May 2025, certified by Practicing Company Secretary Parag S. Dasarwar. The report confirms compliance with SEBI regulations on secretarial standards, policies, website disclosures, director eligibility, related party transactions, and insider trading norms. Two non-compliances were flagged in Annexure A: (1) late submission of the previous year's ASCR for FY2023-24, for which the company paid a fine of Rs. 2,360 to BSE, and (2) the company's public shareholding fell below the mandatory 25% threshold by 0.02% in the quarter ending 31st March 2025 under Regulation 38, which the company claims was inadvertent and has since been rectified and notified to the exchange via email on 26th May 2025.
Minor compliance lapses were identified but both appear resolved — a small fine has been paid and the public shareholding shortfall has been corrected. These are administrative/regulatory matters with negligible financial impact and unlikely to affect the stock price materially.