Annual Secretarial Compliance Report for the year 2024-25
SYNCOMF · price
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Syncom Formulations has submitted its Annual Secretarial Compliance Report for the year ended 31 March 2025, as required under SEBI's Listing Regulations. The Practicing Company Secretary (M/s D.K. Jain & Co.) certified that the company is broadly compliant with SEBI regulations, secretarial standards, board composition, related party transactions, and timely disclosure requirements. Past issues that have since been addressed include a Rs. 2,17,120 fine each paid to BSE and NSE for delay in constituting the Risk Management Committee (originally a Q4 FY23 lapse), and an NSE advisory on website disclosures which has now been corrected. One open observation was flagged: the company's Special Contingency Insurance Policy (required under a SEBI circular dated 25 May 2022) expired on 20 March 2025 and has not been renewed as of the report date.
This is a routine annual compliance filing, not a fresh penalty or negative action. Investors should note the unresolved lapse of the mandatory Special Contingency Insurance Policy, which is a minor compliance gap but unlikely to move the stock. No material corporate action signal.