Submission of Annual Secretarial Compliance Report for the Financial Year 2024-25.
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Swastika Investmart Ltd has submitted its Annual Secretarial Compliance Report for the financial year ending 31st March 2025, prepared by L.N. Joshi & Co., Practicing Company Secretaries, as required under SEBI LODR Regulations. The report confirms compliance with SEBI regulations except for specific deviations listed in Annexure 1. Multiple minor penalties were levied during the year, totaling around Rs. 22.71 lakhs, with Rs. 2.38 lakhs refunded by authorities. Key issues included shortfall in client collateral allocation (Rs. 10.87 lakhs), NSDL inspection observations related to e-KYC live photographs (Rs. 6.40 lakhs), segregation report errors, and minor reporting/delays with exchanges like BSE, NSE, MCX, NCDEX, and NCL. Additionally, a Rs. 3 lakh penalty paid to SEBI pertained to a previous-year NISM certification issue, which has now been resolved as both KMPs cleared the exam. Most issues are described as technical glitches or back-office errors, with corrective measures already implemented.
This is a routine regulatory compliance disclosure with no material business impact. The penalties disclosed are relatively small and primarily reflect operational/technical issues common to stock broking, all of which the company says have been addressed. Shareholders are unlikely to see any meaningful effect on the stock price.