THE ANNUAL SECRETARIAL COMPLIANCE REPORT FOR THE FINANCIAL YEAR 2025-26
SURANASOL · price
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Surana Solar Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, as mandated under SEBI Regulation 24A. The report, certified by Practicing Company Secretary Rakhi Agarwal, identifies two compliance observations. First, the company did not consolidate financials of Surana Technologies Private Limited (STPL) for the period ending March 31, 2025, as the exchange sought clarification; the company explained this was due to substantial restrictions on operational and management control over STPL, preventing meet criteria under IND AS 110, with the Rs 10 lakh investment classified as 'Current Investments' in standalone financials. Second, a designated person from the Promoter Group executed a Contra Trade, resulting in profit of Rs 99,160 which was disgorged to SEBI IEPF Account. All other compliance areas including Secretarial Standards, Insider Trading (SDD maintained), Related Party Transactions, website disclosures, and director qualifications were found satisfactory. No SEBI or stock exchange actions were taken against the company, and no additional non-compliances were observed.
The company has proactively addressed compliance gaps — the contra trade violation has been remedied through profit disgorgement. The non-consolidation of STPL financials is explained by accounting standards, with no penalty imposed. Overall, the report indicates satisfactory corporate governance with no material concerns for shareholders.