Submission of Annual Secretarial Compliance Report for March, 2025
Awaiting price reaction for this filing.
Maa Jagdambe Tradelinks Ltd filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary flagged several ongoing non-compliances: no Company Secretary cum Compliance Officer has been appointed since the previous one resigned in July 2020, the company's website is non-functional, it has no Structured Digital Database (SDD) software for insider trading compliance, financial results were not published in newspapers, and the CFO vacancy was filled with a significant delay (appointed only on January 6, 2025, well beyond the 3-month deadline). The report also confirmed that the company's shares have been suspended on BSE since 2015 due to non-payment of annual listing fees, and most compliance failures are pending rectification until revocation of the suspension. Most previous year observations, including delayed filings of share capital audit and compliance certificates, have now been complied with.
This filing reveals serious and persistent governance and compliance weaknesses in a company whose shares are already suspended from BSE trading since 2015. For shareholders, the report confirms the company is largely non-compliant on key regulatory fronts — no qualified company secretary, no functional website, no insider trading database — which means it is effectively in a regulatory limbo. Retail investors holding these shares should note that until the BSE suspension is lifted and the listed non-compliances are fixed, trading remains frozen and the company's credibility with regulators remains very low.