Reg.24(A) of SEBI (LODR) Regulations, 2015 - Annual Secretarial Compliance
SUNDRMBRAK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sundaram Brake Linings Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2026, prepared by V Suresh Associates, Practising Company Secretaries. The report identifies three minor compliance deviations: (1) non-compliance with board composition requirements under Regulations 18, 19, and 20 of SEBI LODR, resulting in a fine of Rs. 3.28 lakhs paid in February 2026; (2) a 5-day delay in filing Q1 FY26 Integrated Financial Results with BSE due to administrative oversight; and (3) incomplete disclosure regarding the Company Secretary's resignation in February 2026. The company states all issues have been addressed, and no pending non-compliances remain from previous reports. All other compliance parameters including secretarial standards, board evaluations, and insider trading norms were found satisfactory.
The deviations are procedural in nature with no material impact on shareholders. The Rs. 3.28 lakh fine was already paid, and corrective measures have been implemented, indicating management's commitment to compliance despite isolated administrative lapses.