Annual Secretarial Compliance Certificate is attached for record for the year ended 31st March, 2025
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Swadeshi Polytex Ltd has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, as required under Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. The report, certified by Practising Company Secretary CS Baldev Singh Kashtwal, confirms the company is broadly compliant with SEBI regulations, secretarial standards, insider trading rules, and disclosure norms. One non-compliance was flagged: the company failed to disclose related party transactions on a consolidated basis for the half-year ended March 31, 2024, in violation of SEBI circular dated July 11, 2023. BSE Limited imposed a fine of Rs. 3,54,000 on the company for breaching Regulation 23(9) of SEBI LODR Regulations. The company called it an inadvertent oversight and has applied to BSE for a waiver, which is pending with the Listing Operations Team.
The fine of Rs. 3.54 lakh is small and the company characterises the lapse as unintentional with a waiver already requested, so the immediate financial impact is limited. However, the disclosure failure is a minor governance flag worth tracking — investors should watch for resolution of the waiver application and whether any further non-compliances surface in future filings.