Annual Secretarial Compliance report of the Company for the financial year ended March 31, 2026.
TAKE · price
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Take Solutions Ltd submitted its Annual Secretarial Compliance Report for FY2025-26, which flagged several non-compliances under SEBI LODR Regulations. The Board had less than six directors as on March 31, 2026 due to a delay in filling the casual vacancy from a Whole-time Director's resignation; Sunil Patra was appointed as Managing Director on May 19, 2026 to fix this. Statutory auditor M/s. Venkat and Rangaa LLP resigned on March 25, 2026 without issuing the FY26 audit report, and new auditor M/s. A. Raghavendra Rao & Associates was appointed by the Board on March 26, 2026, but their appointment is yet to be ratified by shareholders. The Company Secretary and CFO positions were also filled late, attracting fines of Rs. 2,59,600 from BSE and Rs. 8,02,400 from NSE. Past delays in submitting quarterly results for June and September 2024 led to promoter holdings being frozen and the stock being moved to the 'Z' (BZ) category; fines from those are only partially paid.
The repeated compliance lapses, board composition shortfall, and auditor reshuffle near fiscal year-end are red flags that may concern investors about governance quality and could keep the stock under regulatory scrutiny, though most issues have since been remediated.