Submission of ASCR for the period ended March 31, 2026
Awaiting price reaction for this filing.
Mahan Industries Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by Practicing Company Secretary Gaurang R Shah. The report shows the company has generally complied with SEBI regulations including LODR, PIT, and SCRA. However, one current year deviation was noted: a 6-day delay in filing the Depository Participant certificate under Regulation 74(5) for Q3 FY2025 (December 2025 quarter), which was filed on January 21, 2026. The report also details past non-compliances including delayed XBRL submissions (Rs. 2,360 fine), delayed Corporate Governance Reports (fines totaling Rs. 1.28 lakh), and a significant Rs. 62.23 lakh fine for non-submission of CG report for Q2 FY2025 (partially waived to Rs. 61.83 lakh, with Rs. 40,120 paid). Additionally, BSE imposed a Rs. 4.15 lakh fine for non-compliance with Audit Committee and Nomination & Remuneration Committee constitution requirements, though the company filed a waiver application and paid Rs. 11,800 with a revised report.
The company has a track record of regulatory filing delays and non-compliance issues, with cumulative fines exceeding Rs. 68 lakh. While the company has paid fines and taken corrective actions, repeated compliance failures could concern investors about governance standards. The Rs. 62 lakh fine for Q2 FY2025 CG report non-submission is particularly significant.