Annual Secretarial Compliance Report for the year ended 31st March, 2026
TCIFINANCE · price
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TCI Finance Ltd has submitted its Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary R Kothapalli & Associates. The report states that the company has generally complied with SEBI regulations. However, one deviation was noted: the company has not appointed an Executive Director on its Board, contrary to Regulation 17 of SEBI LODR Regulations. The company currently has a Manager appointed under Section 196 of the Companies Act, 2013, along with a CFO and CS as Key Managerial Personnel. The report also notes that the company has addressed previous non-compliances including delayed annual listing fees (penalty paid), Nomination and Remuneration Committee constitution issues (Rs 2,360 penalty paid), and website updation. The company defends its accounting practices as being in the best interest of stakeholders.
The non-appointment of an Executive Director represents a governance gap that regulators may scrutinize. Shareholders should note that while past violations have been resolved, this outstanding compliance issue remains unaddressed and could attract regulatory attention.