Annual Secretarial Compliance Report for the financial year ended March 31, 2025.
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Sulabh Engineers & Services Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, certified by Practising Company Secretary CS Gopesh Sahu. The report confirms that the company is largely compliant with SEBI (LODR) Regulations, 2015, covering secretarial standards, insider trading, related party transactions, website disclosures, director disqualification, and other governance requirements. One clerical error was noted in the Corporate Governance Report for the quarter ended 31.03.2024 regarding the reporting of Audit Committee quorum; BSE raised a query on 25 June 2024, and the company filed a revised report correcting the error. The report also notes that during the previous year, a SEBI adjudication order under PFUTP Regulations led to a Rs. 20 lakh penalty on management, which was paid after the SAT dismissed the company's appeal on 05.09.2023. Additionally, statutory auditor M/s Satish Soni & Co. resigned and was replaced by M/s Ranjit Jain & Co. with effect from 2 August 2024, approved by shareholders at the AGM on 28 September 2024.
This is a routine annual compliance filing with no new adverse action against the company. The one clerical error was self-corrected with no fine imposed, and the past SEBI penalty has already been paid, so there is no fresh negative impact on shareholders or the stock price.