this is to inform that in the Annual Compliance report for the quarter ended March 2025 submitted on 20.05.2025, there was an inadvertent typographical error in the Membership Number of ....
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Sparkle Gold Rock Limited has resubmitted its Annual Secretarial Compliance Report for FY25, correcting a typographical error in the Practicing Company Secretary's membership number from the original May 20, 2025 filing. The report flags five compliance lapses: (1) not having a qualified company secretary as compliance officer — fine of Rs. 87,320, (2) delay in prior intimation of a January 2025 board meeting — fine of Rs. 11,800, (3) non-disclosure of related party transactions on a consolidated basis for H2 FY25 — fine of Rs. 59,000, and (4) & (5) late filing of Form DIR-12 for appointment and cessation of two independent directors — additional fees of Rs. 7,200 and Rs. 6,000 respectively. All penalties totaling about Rs. 1.71 lakh have already been paid. The report attributes the lapses to a complete change in management that took place in July 2024.
The compliance penalties are small (about Rs. 1.71 lakh in total) and have been paid, so the direct financial impact on shareholders is minor. However, the underlying issues (lack of compliance officer, delayed board intimation, related-party disclosure gaps) point to weak governance controls during a transition year. The separate disclosures in the report also highlight a four-fold jump in authorized share capital (Rs. 5 cr to Rs. 20 cr) and promoter reclassification, which are material structural changes investors should track.