Annual Secretarial Compliance Report of Swan Corp Limited for 2025-26 issued by M/s. SKJP & Associates, Practising Company Secretaries, Secretarial Auditor.
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Swan Corp Limited received its Annual Secretarial Compliance Report for FY 2025-26 from SKJP & Associates, covering the period April 1, 2025 to March 31, 2026. The auditors found the company largely compliant with SEBI regulations but identified three main violations: (1) Failure to appoint a Qualified Company Secretary as Compliance Officer for June and September 2025 quarters, resulting in fines of Rs. 24,780 and Rs. 90,860 on BSE respectively; (2) Failure to maintain Woman Director on the Board for June, September 2025 and March 2026 quarters, with cumulative fines totaling approximately Rs. 6.14 lakh on both exchanges; (3) Previous year Board composition issues with Executive Directors exceeding 50% of Board. The company has paid all fines and taken corrective actions by appointing a qualified Company Secretary as Compliance Officer and Woman Directors.
The company has settled all regulatory penalties and corrected the compliance lapses. While past violations may create minor regulatory scrutiny, the corrective actions taken demonstrate improved governance. Shareholders should note that the company is now fully compliant with SEBI LODR requirements for Board composition and compliance officer appointment.