Submission of Annual Secretarial Compliance Report under Regulation 24A of the SEBI(LODR) Regulations 2015 for the year ended 31st March 2025.
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Sylph Technologies Limited has submitted its Annual Secretarial Compliance Report for FY2024-25, as required under SEBI's LODR Regulation 24A. The report, certified by Practising Company Secretary Vishakha Agrawal, confirms the company is largely compliant with SEBI regulations across areas like insider trading, related party transactions, board policies, and corporate governance disclosures. However, two compliance lapses were flagged: financial results for the quarter ended December 2024 were filed 11 days late, attracting a BSE penalty of Rs. 64,900 plus GST, attributed to the resignation of the statutory auditor; and a trading approval application was filed 6 days late, drawing a Rs. 120,000 plus GST penalty, which has been fully paid. The statutory auditor resigned on 13 February 2025 and declined to issue reports despite follow-ups, after which a new auditor was appointed. The company has no subsidiaries and no other non-compliances were observed.
This is a routine annual regulatory disclosure. The two minor compliance lapses carry small penalties that have already been paid and are unlikely to materially affect the stock. Investors should keep an eye on the auditor change to ensure timely financial reporting going forward.