Submission of Annual Secretarial Compliance Report for the year ended 31st March, 2026 Under Regulation 24A of SEBI (LODR) Regulations, 2015.
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SRU Steels Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report reveals two compliance violations: (1) Late submission of Q3 FY2025-26 financial results by 5 days, attracting a fine of Rs. 29,500 which was paid, and (2) Late disclosure of events under Regulation 30 for Q4 FY2025-26. A similar violation was noted in the previous year for Q3 FY2024-25 (11-day delay, same fine amount). The violations were attributed to the resignation of the company's auditor and their failure to submit audit reports on time, forcing the company to appoint a new auditor. The company otherwise demonstrated compliance with applicable SEBI regulations, secretarial standards, related party transaction requirements, and insider trading regulations. No directors are disqualified, and no actions were taken by SEBI or stock exchanges during the review period.
The repeated late filings and auditor resignations highlight operational and governance risks for SRU Steels. While fines have been paid, repeated compliance lapses could concern investors about internal controls. The underlying auditor issue has been resolved with a new appointment.