Submission of Annual Secretarial Compliance Report for the Financial year ended 31st March, 2025
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Supertex Industries has submitted its Annual Secretarial Compliance Report for FY 2024-25 to BSE, as required under SEBI Regulation 24A. The report, prepared by M/s Vikas R Chomal & Associates, found that the company mostly complied with SEBI regulations, but flagged two late submissions during the year — the shareholding pattern report for Q1 FY25 (quarter ended June 30, 2024) and the Reconciliation of Share Capital Audit Report for the same quarter, for which BSE levied a fine of Rs 28,320 including GST. Several earlier compliance lapses from FY 2023-24 (including promoter shares not being fully dematerialised, late filing of investor complaints and shareholding pattern reports) were highlighted as resolved, with cumulative fines of about Rs 70,800 already paid. The report confirmed no director disqualifications, no auditor resignations, no subsidiaries, and good practices around insider trading, related party transactions, and policy disclosures.
This is a routine annual compliance filing, but it does flag minor recurring delays in submitting quarterly reports to the exchange, which resulted in small fines. For shareholders, the report shows the company is broadly compliant with SEBI rules, though it may raise minor corporate governance concerns about timeliness of filings.