Annual Secretarial Compliance Report for FY 2024-25
SONATSOFTW · price
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Sonata Software has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The report, prepared by GDR & Partners LLP (Practicing Company Secretaries) and dated May 7, 2025, confirms that the company broadly complied with applicable SEBI regulations, secretarial standards, insider trading rules, related party transaction norms, and timely disclosure obligations. One non-compliance was flagged: the Board Chairperson concurrently served on the Nomination and Remuneration Committee (NRC) during an interim period from August 15 to November 5, 2024, which was rectified on November 6, 2024. Both BSE and NSE levied fines (totalling around Rs 94,000) for this breach, but NSE waived the fine after the company applied for a waiver. No other penalties, auditor resignations, or disqualifications were reported.
This is a routine annual compliance submission with no meaningful impact on the stock. The lone deviation was minor, self-rectified within about three months, and the related fines were largely waived, reinforcing overall sound governance.