Compliance Regulation 24(A) - Annual Secretarial Compliance
TEXINFRA · price
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Texmaco Infrastructure & Holdings has submitted its Annual Secretarial Compliance Report for FY25, certified by S.R. & Associates, Practicing Company Secretaries, to NSE and BSE. The report confirms the company complied with SEBI LODR regulations, Secretarial Standards, insider trading norms, related-party transaction approvals, website disclosures, and all other checked compliance areas during FY25. The only flagged matter was a carried-over FY24 issue: a fine of Rs 1,86,440 paid to NSE on 20 July 2024 for non-compliance with Regulation 17(1A) regarding the appointment of Mr. R.R. Goenka (aged 75) as Independent Director — the company obtained shareholder approval via postal ballot and argued the wording 'unless' did not require prior approval, but NSE rejected the waiver request. No additional non-compliances were observed for FY25.
This is a routine annual compliance filing with no new adverse findings for FY25, which should be neutral to mildly positive for investor sentiment on governance. The settled Reg 17(1A) fine is a minor overhang but does not materially affect the stock or shareholder value.