Annual Secretarial Compliance report for the year ended March 31, 2025
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South West Pinnacle Exploration has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certified by Practicing Company Secretary Krishna Kumar Singh (KKS & Associates). The PCS confirmed overall compliance with SEBI LODR Regulations across most areas, including secretarial standards, insider trading, related party transactions, website disclosures, and performance evaluations. Annexure A, however, flagged non-compliances during FY25 related to Board composition, Audit Committee composition, and Stakeholders Relationship Committee composition (Regulations 17(1), 18(1), and 20(1)) for the quarter ended June 2024, attracting fines of several lakhs from NSE and BSE. A separate non-compliance under Regulation 17(1A) was noted for appointment of a director aged above 75 without a prior special resolution, which the company has since passed. NSE fully/ partially waived some fines, and waiver applications are pending with the exchanges.
This is a routine annual compliance filing that discloses past board committee composition lapses already addressed through corrective resolutions and waiver requests. No material business or financial impact is expected, though it flags minor governance shortcomings that governance-conscious investors may note.