Submitting herewith Annual Secretarial Compliance Report for the Financial year ended March 31, 2025.
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Synergy Green Industries Ltd submitted its Annual Secretarial Compliance Report for FY25 to BSE and NSE, as required under SEBI LODR Regulation 24A. The Practicing Company Secretary (Prajot Tungare & Associates) reviewed the company's filings, website, and records, and confirmed overall compliance with SEBI regulations, secretarial standards, insider trading norms, and disclosure requirements. During the year, NSE issued a warning letter to the company for an irregularity in the information submitted about the appointment of Independent Director Mr. Meyyappan Shanmugam, whose board meeting was rescheduled from 18th May 2023 to 26th May 2023 due to a delay in finalising financial results. No fine was levied and the company clarified the matter. Two prior-year issues, including a wrong date in the Corporate Governance Report and a misclassified board meeting outcome, have been rectified. The Board also approved the Synergy Green Industries Limited ESOP Scheme 2025, which is pending shareholder approval. The company has no subsidiaries, and no statutory auditor resigned during the year.
No material compliance action or penalty was imposed on the company; the only flag is a non-monetary warning letter from NSE related to a 2023 director appointment, which has since been clarified. This is a routine regulatory filing with no negative implications for shareholders.