Attached is the Annual Secretarial Compliance Report for F.Y. ended 31.03.2025 in terms of Regulations 24A of Listing Regulations, 2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sparc Electrex Limited has submitted its Annual Secretarial Compliance Report for the financial year ending 31 March 2025, as required under SEBI Regulation 24A. The report, issued by Practicing Company Secretary Madhuri J. Bohra & Associates, flags three new non-compliances: non-payment of annual listing fees for FY 2025-26 (due by 30 April 2025), missing QR codes in the December 2024 quarterly results published in newspapers, and delayed XBRL reporting for the conversion of 15,48,958 partly paid-up shares into fully paid-up shares. Three prior XBRL filing delays from earlier years remain carried forward but are being addressed. The report confirms overall compliance with secretarial standards, related party transaction approvals, insider trading norms, and that no directors are disqualified. A BSE-imposed fine of Rs.46,020 for an alleged Regulation 6(1) violation is pending waiver review.
The flagged non-compliances are procedural lapses with small or no financial penalties, so the direct hit to shareholders is limited. However, repeated XBRL filing delays and unpaid listing fees point to weak compliance discipline, which may concern governance-focused investors monitoring this small-cap stock.