We are submitting herewith Annual Secretarial Compliance Report for FY ended March 31, 2025 pursuant to Reg 24A of SEBI (LODR) 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SP Capital Financing Ltd submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, as required under Regulation 24A of SEBI (LODR) Regulations, 2015. The Practicing Company Secretary, Shobha Ambure & Associates, reviewed the company's compliance with SEBI regulations covering secretarial standards, policies, website disclosures, related party transactions, insider trading, and more — all of which were marked compliant. One non-compliance was flagged: the company did not meet Regulation 17(1A) requirements regarding the continuation of a non-executive director aged over 75 years (Mr. Baldev Boolani). BSE issued a notice on November 21, 2024 for penal action, with a fine of Rs. 182,000. The company submitted a waiver application on November 28, 2024, which is still under review by the exchange. Management argued the regulation was not applicable at the time of the director's 2019 appointment since the company fell below Regulation 15 thresholds.
The disclosed non-compliance is a minor governance issue with a small fine; with a waiver application already pending, this is unlikely to materially impact shareholders or the stock price. The overall compliance report shows the company is broadly in good standing with SEBI listing requirements.