Annual Secretarial Compliance for the year ended March 2025
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Spright Agro Ltd (formerly Tine Agro Limited) submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certified by Dharti Patel & Associates, Practicing Company Secretaries. The review covered compliance with SEBI Act, SCRA, and various SEBI regulations including LODR, Insider Trading, and Depositories regulations. One non-compliance was identified under Regulation 23(9) related to the disclosure of related party transactions on a consolidated basis, for which BSE levied a fine of Rs. 5,900, which the company has since paid. The company was found compliant on all other key items, including Secretarial Standards, board policies, website disclosures, director qualifications, related party transaction approvals, and insider trading norms. No actions have been taken by SEBI or stock exchanges against the company, its promoters, or directors.
The compliance report is largely positive, with only one minor non-compliance that was rectified by paying a small fine of Rs. 5,900. This is a routine annual filing required under SEBI's LODR Regulations and is unlikely to have any material impact on the stock price or shareholders, as the issue has already been resolved.