Please find attached Annual Secretarial Compliance Report the year ended 31.03.2026
TEXMOPIPES · price
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Texmo Pipes and Products Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, confirming general compliance with SEBI regulations. The report highlights two ongoing SEBI enforcement matters from 2022-2023 regarding the company's GDR (Global Depository Receipts) issue. In the first case, a penalty was reduced from Rs. 10.25 crore to Rs. 25 lakh by SAT, which was paid, but the matter remains pending before the Supreme Court. In the second case, SEBI had barred the company and four directors from the securities market; SAT set aside these orders in late 2024, and SEBI subsequently relaxed the debarment in February 2025. The company is directed to bring back USD 3.49 million in GDR proceeds to India. A minor administrative error was noted where the company made incorrect entries in its UPSI database, which was subsequently corrected.
While the company has achieved partial relief from SEBI penalties and restrictions, ongoing legal proceedings at the Supreme Court and SAT level keep regulatory uncertainty alive. Shareholders should monitor these cases as final outcomes could impact the company's standing and financial position.