Pursuant to regulation 24A of SEBI (LODR) Regulations 2015, Annual Secretarial Compliance Report for March 31, 2025 is enclosed.
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Swadeshi Industries & Leasing Ltd submitted its Annual Secretarial Compliance Report for FY 2024-25 as required under SEBI LODR Regulation 24A. The Practicing Company Secretary reviewed the company's compliance with various SEBI regulations and found the company generally compliant. However, two non-compliance issues were flagged with fines: (1) Non-disclosure of related party transactions on a consolidated basis under Regulation 23(9), attracting a fine of INR 80,000, and (2) Late submission of the Corporate Governance compliance report under Regulation 27(2), attracting a fine of INR 18,800. Total fines amount to INR 98,800. The company confirmed compliance with secretarial standards, insider trading norms, director eligibility, related party transaction audit committee approvals, and timely event disclosures.
The report highlights minor compliance lapses with modest financial penalties (total ~INR 99K), which are unlikely to materially affect shareholders. No SEBI or stock exchange actions have been taken against the company, promoters, or directors, indicating overall satisfactory governance despite the disclosed lapses.