Annual Secretarial Compliance Report for the year ended March 31, 2025
SURYAROSNI · price
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Surya Roshni Limited has submitted its Annual Secretarial Compliance Report for FY 2024-25, as required under SEBI LODR Regulation 24A. The report, issued by PI & Associates (Practicing Company Secretaries) on May 14, 2025, confirms that the company complied with most applicable SEBI regulations, secretarial standards, listing rules, insider trading norms, and disclosure requirements during the review period. However, one non-compliance was flagged: Regulation 17(1)(b) regarding board composition for the quarter ended March 31, 2025. This happened after Mrs. Puja Surya was appointed as an Additional Whole-Time Director (non-independent) on February 6, 2025, increasing board strength to 11 members with a majority of non-independent directors. No action or penalty has been initiated by SEBI or stock exchanges against the company.
The non-compliance on board composition is technical and time-bound — under Regulation 17(1E), the company has a 3-month window to appoint a new Independent Director to restore compliance. No penalty has been imposed, so the near-term impact on shareholders is minimal, though the company will need to fill the Independent Director vacancy promptly.