Annual Secretarial Compliance Report issued by PCS for the financial year ended March 31, 2026
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Sundrop Brands Limited (formerly Agro Tech Foods Limited) has submitted its Annual Secretarial Compliance Report for FY 2025-26, certified by M/s. Tumuluru & Company, Practising Company Secretaries. The report confirms full compliance with all applicable SEBI regulations including LODR, Takeover Regulations, Insider Trading Regulations, and Depositories Regulations. During the audit period, promoter CAG-Tech (Mauritius) Limited increased its stake from 33.92% to 38.91% by acquiring 18,81,073 additional shares from DMPL India Limited on December 23, 2025. The company also reported ESOP activity with 77,757 options granted and 1,29,846 options cancelled under the ESOP Scheme 2024, leaving 14,47,911 options outstanding as of March 31, 2026. The material subsidiary DMFPL underwent statutory auditor change with BSR & Co. LLP resigning and BSR and Co. appointed in alignment with the holding company. No violations, penalties, or actions by SEBI or stock exchanges were reported during the period.
The company has maintained a clean compliance record with no regulatory actions or penalties. The increase in promoter shareholding from 33.92% to 38.91% signals increased promoter confidence in the company, which could be viewed positively by retail investors. The alignment of subsidiary auditors with holding company auditors reflects better corporate governance standards.