Annual Secretarial Compliance Report for the financial year ended March 31, 2025
TARC · price
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TARC Limited has filed its Annual Secretarial Compliance Report for FY25, as required under SEBI Regulation 24A. Practicing Company Secretary P.K. Mishra & Associates reviewed the company's adherence to SEBI regulations and found it generally compliant. One specific deviation was noted: TARC delayed submitting advance notice of a record date to BSE under Regulation 60(2), resulting in a fine of Rs. 10,000 plus 18% GST (Rs. 1,800), totaling Rs. 11,800, which was paid on 10.02.2025. Separately, the report mentions that SEBI had appointed a forensic auditor via letter dated December 16, 2024 to examine the company's financial statements for FY 2020-21, 2021-22, and 2022-23. No director disqualifications, no material subsidiary issues, and no other non-compliances were observed.
The filing is largely routine and confirms overall regulatory compliance, but two items stand out: a minor BSE fine for a record date notice delay (already paid) and an ongoing SEBI forensic audit covering three prior financial years, which could become a material overhang depending on its findings.