Please find the attached Annual Secretarial Compliance report for the FY ended 31st march 2025
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Supra Trends Limited filed its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, certified by Practicing Company Secretary N. Vanitha. The report flagged two instances of delayed disclosure related to promoter reclassification under Regulation 31A of SEBI (LODR). The company received a reclassification application from promoters on August 28, 2023, but disclosed it on December 22, 2023 — well beyond the 24-hour requirement. Similarly, the company submitted its reclassification application to BSE on October 28, 2023, but disclosed it only on July 11, 2024. BSE issued advisory letters on August 7, 2024, but no fines or penalties were imposed. All other compliance areas, including Secretarial Standards, board policies, website disclosures, director disqualifications, related party transactions, and insider trading norms, were reported as fully compliant.
The deviations are procedural lapses in disclosure timing rather than substantive violations, and BSE only issued advisory letters with no monetary penalty. However, the repeated delay in meeting SEBI's 24-hour disclosure window highlights weak compliance discipline, which may be a concern for governance-focused investors despite no direct impact on share price.