Please find enclosed herewith the annual Secretarial Compliance Report of the Company for the year ended March 31, 2026 issued by M/s Tarun Saini & Associates, PCS.
TNTELE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tamilnadu Telecommunications Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, issued by M/s Tarun Saini & Associates. The report identifies multiple non-compliances with SEBI LODR Regulations, primarily due to non-appointment of Independent Directors on the Board. Specifically, the Board composition violates Regulations 17(1)(b), 18(1), 19(1), and 25(3), and the Stakeholders Relationship Committee chairperson requirement under Regulation 20(2) was also not met. Additionally, the company's website was found lacking required disclosures under Regulation 46. The company has received notices from both NSE and BSE regarding these non-compliances. Management states the issue is beyond their control as this is a government company under the Ministry of Communications, where director appointments follow prescribed government procedures. The company has requested waivers from both exchanges.
This filing signals ongoing governance deficiencies that could attract regulatory action or penalties. While the company attributes non-compliance to government processes, shareholders should note that this is a repeat issue from the previous year with no resolution yet. The stock may face continued scrutiny from exchanges until the Board composition is regularized.