Submission of Annual Secretarial compliance report for the year ended 31.03.2025
Awaiting price reaction for this filing.
RCC Cements has submitted its Annual Secretarial Compliance Report for the year ended 31 March 2025, reviewed by Kundan Agrawal & Associates, Company Secretaries. The company has complied with most SEBI regulations, including secretarial standards, insider trading norms, related party transactions, website disclosures, and director eligibility. However, the company has defaulted on payment of Annual Listing Fees to BSE under Regulation 14 of SEBI LODR Regulations, 2015, due to paucity of funds. As a result, BSE has suspended trading of the scrip on its web portal and placed the company under Graded Surveillance Measure (GSM) Stage 0. Trading is currently allowed only on a Trade-for-Trade basis on the first trading day of every week, per BSE notice dated 19 February 2021. The company has stated it is trying to arrange funds and expects to clear the outstanding fees soon.
This is a negative signal for shareholders — the company faces liquidity stress, has had its stock trading suspended on BSE, and operates under GSM Stage 0 surveillance. Liquidity is extremely thin with trades occurring only once a week on a Trade-for-Trade basis, making it difficult for investors to exit positions.