ANNUAL SECRETARIAL COMPLIANCE REPORT FOR YEAR ENDED 31ST MARCH,2025
SDBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Som Distilleries & Breweries filed its Annual Secretarial Compliance Report for FY25, certified by N.K. Jain & Associates, covering compliance with SEBI regulations including LODR, Insider Trading, and ICDR rules. The company is largely compliant on most fronts — board composition, related-party transactions, insider trading database, and website disclosures are all in order. However, three regulatory issues were flagged: (1) a Rs 1,88,000 + GST fine each from BSE and NSE for non-compliance with composition norms of the Stakeholders Relationship Committee under Reg 20 and 21(2) of LODR — paid under protest with a waiver application pending; (2) a Rs 5,00,000 SEBI fine for alleged inadequate disclosure under Reg 30 regarding deferment of share warrant allotments — paid under protest and an appeal filed before SAT; and (3) a SEBI warning letter on the classification of Mr. Surjeet Lal as a promoter under Reg 159(1) of ICDR, relating to share sales by him in April–May 2023 without pre-clearance, which the company says it learnt of only later via BENPOS.
Shareholders should note multiple pending regulatory actions — two monetary penalties (already paid under protest) and one SEBI warning — though none appear severe enough to materially derail operations. The waiver and SAT appeal outcomes will be key near-term watchpoints for the stock.