Annual Secretarial Compliance Report for the financial year ended 31st March, 2025
SPMLINFRA · price
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SPML Infra filed its Annual Secretarial Compliance Report for FY25 with the stock exchanges as required under SEBI's listing rules. The report flagged two non-compliance issues: the company did not have a properly constituted Nomination and Remuneration Committee and Stakeholder Relationship Committee for a period of 32 days during the year. The exchanges (BSE and NSE) imposed total fines of Rs. 1,51,040 (including GST) — Rs. 1,08,560 by BSE and Rs. 42,480 by NSE. The company reconstituted both committees on 24 October 2024 and has applied for waiver of the fines. Apart from these two lapses, the company is largely compliant with SEBI regulations covering insider trading, related party transactions, disclosures, and website maintenance.
Minor negative governance signal — brief committee composition lapse led to financial penalties, though the company has since rectified the issue and sought a waiver. Small fine amount relative to company size, but may be noted by governance-focused investors as a one-time compliance gap.