Annual Secretarial Compliance Report for the year ended March 31, 2025
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Teamo Productions HQ Ltd (formerly GI Engineering Solutions Ltd) filed its Annual Secretarial Compliance Report for the year ended March 31, 2025, audited by Shubhangi Agarwal & Associates, Practicing Company Secretaries. The report confirms the company largely complied with SEBI LODR Regulations, secretarial standards, insider trading rules, and related-party transaction norms. However, three non-compliance observations were flagged: (1) the resignation letter of joint statutory auditors (Suchitra Krishnamoorthi and Shrabani Deodhar) was not attached when filed; (2) a discrepancy in the shareholding pattern for Q2 FY25 where total physical shares were wrongly recorded as 1,09,61,45,000 instead of 1,09,59,58,330 — an overstatement of about 1.87 lakh shares; (3) an inadvertent wrong selection of designation category in the Corporate Governance Report for Q3 FY25. BSE and NSE issued clarification letters, but no fines or punitive actions were imposed. The company has since corrected the shareholding pattern (revised filing on March 5, 2025) and revised the Corporate Governance Report (filed February 5, 2025).
This is a routine annual compliance filing with minor procedural lapses already corrected. No financial penalties were levied, and there is no material impact on shareholders or the stock price. Investors may note the company's small size and its two foreign subsidiaries (Australia and UK) which are not classified as material subsidiaries.