Submission of Annual Secretarial Compliance Report as per Regulation 24(A) of SEBI (LODR)Regulations, 2015
Awaiting price reaction for this filing.
Ratnakar Securities Limited (formerly Mangalya Soft-Tech Limited) has submitted its Annual Secretarial Compliance Report for FY 2025-26, issued by Practicing Company Secretary Tapan Shah. The company emerged from Corporate Insolvency Resolution Process (CIRP), where Ratnakar Securities Private Limited merged with Mangalya Soft-Tech Limited via NCLT order dated June 26, 2025. As part of this restructuring, 150 million equity shares and 30 million OFCRPS were allotted to RSPL shareholders. The company also changed its name to Ratnakar Securities Limited in November 2025. The report notes general compliance with SEBI regulations but identifies issues: some required policies were not adopted, certain policies need updation, and the company website requires updates per SEBI LODR Regulation 46. Notably, the company's shares remained suspended at BSE throughout the year with no trading as relisting was not completed.
The company is in a pre-relisting phase following corporate insolvency resolution. While no major violations were found, minor compliance gaps in policies and website maintenance should be monitored. Shares remain suspended and not tradeable until BSE completes the relisting process.