We hereby submit annual secretarial compliance report for the year ended 31st March 2026. Request you to kindly take it on your record. Thankyou
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S P Capital Financing Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26 as required under SEBI Listing Regulations. The report confirms that the company largely complied with applicable statutory provisions, secretarial standards, and SEBI regulations. However, one deviation was noted: BSE imposed a Standard Operating Procedure fine of Rs. 2,14,760 on the company for non-compliance with Regulation 17(1A), which relates to the continuation of a Non-Executive Director above the age of 75 years during the September 2024 quarter. The company's first waiver application was rejected by the IRORG (Inspection, Investigation, and Review Orientation Group) on 13 January 2026. The company has since paid the penalty and has filed a second waiver application with the exchange, which is currently awaiting a response.
The fine and pending waiver application indicate minor regulatory friction related to board composition rules. While the company has paid the penalty, the ongoing waiver process suggests this issue has not been fully resolved. For shareholders, this represents a governance compliance matter that is being addressed.