Pursuant to Regulation 24A of SEBI (LODR) 2015, please find enclosed herewith the Annual Secretarial Compliance Report of the Company for the F.Y. 2024-25.
SUYOG · price
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Suyog Telematics Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under Regulation 24A of SEBI (LODR) Regulations, 2015. The report, prepared by M/s. Amruta Giradkar & Associates, confirms that the company has largely complied with applicable SEBI regulations, secretarial standards, and disclosure requirements during the year. However, one non-compliance was noted: the pre-preferential holding of allottee Mr. Shivshankar Gurushantappa Lature did not remain under lock-in between January 18, 2024 and March 28, 2024, related to the allotment of 5,27,500 warrants, violating Regulation 167(6) of SEBI (ICDR) Regulations, 2018. NSE issued an advisory letter dated December 11, 2024 in this regard, with no monetary fine imposed. A previous-year observation about board composition (non-appointment of woman director) has since been rectified and the fine paid.
This is a routine annual compliance filing with no major red flags — the company is broadly compliant, though one prior regulatory lapse regarding lock-in requirements on preferential warrants was flagged. Shareholders should note the minor compliance hiccup but it carries no significant financial penalty or governance concern.