Annual Secretarial Compliance Report for March 2026
TECHNOE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Techno Electric filed its Annual Secretarial Compliance Report for FY2026 under SEBI Regulation 24A. The report, issued by Practicing CS Babu Lal Patni, identifies two deviations: (1) a delay in filing Related Party Transaction disclosures under Regulation 23(9) for which NSE imposed a Rs 5,000 fine plus GST, later waived by NSE in March 2026; (2) appointment of a Non-Executive Director above 75 years of age allegedly without proper shareholder approval under Regulation 17(1)(A), attracting fines of Rs 88,000 plus GST from both BSE and NSE. The company disputes the second violation, stating the director was appointed as an Additional Director with subsequent shareholder approval obtained via Special Resolution. BSE rejected the waiver application in April 2026, and the company is filing an appeal with the Appellate Tribunal. All other compliance areas including secretarial standards, insider trading norms, and disclosure requirements are marked compliant.
The regulatory fines and ongoing dispute over director appointment procedures represent a minor governance concern. While the related party transaction fine has been waived, the pending appeal on the director appointment issue may create some regulatory overhang until resolved.