Submission of Annual Secretarial Compliance Report for the Financial Year Ended 31st March, 2026
SUDARSCHEM · price
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Sudarshan Chemical Industries has submitted its Annual Secretarial Compliance Report for FY ended March 2026, certified by Practicing Company Secretary Rajesh Karunakaran. The report shows general compliance with SEBI regulations, but Annexure A lists 3 deviations: (1) Delay in Audited Financial Results for Q4/FY March 2025 with fines of Rs 3.59 lakh (BSE) and Rs 1.53 lakh (NSE), submitted on 25th July 2025; (2) Delay in Unaudited Financial Results for Q1 June 2025 with fines of Rs 2.18 lakh each from BSE and NSE, and promoter shareholding was temporarily frozen until submission on 23rd September 2025; (3) Audit Committee composition not meeting Regulation 18(1) requirements with fines of Rs 14,160 each from BSE and NSE, subsequently rectified on 19th February 2026. The company attributes all delays to complexities from post-acquisition consolidation of Heubach Group's Global Pigment Business. All fines were paid within prescribed timelines.
Short-term regulatory concern due to repeated filing delays and a governance issue with audit committee composition. However, the company has paid all fines and taken corrective actions, suggesting no lasting impact if compliance improves going forward.