Dear Sir/Madam, Please find attached the Annual Secretarial Compliance Report for FY 2024-25 for your kind perusal and consideration. Best Regards Tarai Foods Limited
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Tarai Foods Limited (BSE Scrip: 519285) has submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by Practicing Company Secretary Santosh Kumar Pradhan, under Regulation 24A(2) of SEBI LODR. The report flags several non-compliances, including late submission of Q2 FY25 (Sept 2024) financial results attracting a BSE fine of Rs. 20,650, late filing of FY24 (March 2024) results with a fine of Rs. 10,620, late XBRL filing of the prior year's ASCR attracting a Rs. 42,480 penalty, and a Rs. 10,620 fine for continuing an Independent Director (Mandeep Grewal) above age 75 without shareholder approval. Other lapses include non-maintenance of 100% promoter holdings in demat form, incomplete website disclosures under Reg 46, failure to publish quarterly results in newspapers under Reg 47, delayed related party transaction reports, and not intimating trading window closures under PIT Regulations. Total penalties paid to BSE amount to approximately Rs. 84,370. The company has stated it will work to ensure future compliance. Many of these issues are repetitions from the FY23-24 report, indicating weak compliance continuity.
Repeated SEBI LODR violations and recurring fines signal weak governance and compliance discipline, which is a red flag for retail investors. While penalties are small in absolute terms, the pattern of repeated non-compliance (carried over from the previous year's report) may draw further regulatory scrutiny and reflects poorly on management oversight.