ANNUAL SECRETARIAL COMPLIANCE REPORT FOR THE FY ENDED 31.03.2026
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Som Distilleries & Breweries Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26. The report shows the company has largely complied with applicable SEBI regulations, but flags two key issues: (1) The company received a Show Cause Notice dated March 24, 2026 from SEBI's Adjudicating Authority under the SEBI Act, 1992, alleging violations of Regulation 23(2) and 27A of LODR Regulations - this matter is currently pending before the authority; (2) A previous non-compliance regarding composition of the Risk Management Committee under Regulation 21(2) resulted in fines of Rs. 1,88,000 plus GST from both NSE and BSE, for which the company has filed waiver applications and is awaiting exchange decisions. Most other compliance parameters including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms were found satisfactory.
The pending SEBI Show Cause Notice for alleged violations indicates heightened regulatory scrutiny that could lead to monetary penalties or other actions. Investors should monitor for any adjudication orders or further regulatory developments, as these may impact the company's regulatory standing and stock sentiment.