SVPGLOB · price
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Awaiting price reaction for this filing.
SVP Global Textiles Ltd filed its Annual Secretarial Compliance Report for FY 2024-25 under SEBI Regulation 24A, confirming overall compliance with SEBI LODR and related regulations. During the year, the company received three penalties for late filing of financial results under Regulation 33: Rs 5,900 (BSE, March 2024 quarter, paid), Rs 94,400 (BSE, September 2024 quarter, waiver application pending), and Rs 1,35,700 (NSE, September 2024 quarter, partial waiver approved and remaining amount paid). The report also notes that the statutory auditor resigned during the review period, and previous-year non-compliances (Board composition under Reg 17(1) and related party transaction disclosure under Reg 23(9)) have been resolved with penalties paid. The Practicing Company Secretary confirmed that policies, website disclosures, secretarial standards, insider trading rules, and other governance requirements are in order.
The filing reveals repeated delays in submitting quarterly financial results, attracting cumulative penalties of over Rs 2.3 lakh across BSE and NSE in a single year, which is a minor governance red flag for shareholders. The auditor resignation is worth monitoring, though no SEBI enforcement actions or major non-compliances were reported.