Annual Secretarial Compliance Report for year ended March 31, 2026
TIRUMALCHM · price
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Thirumalai Chemicals Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by R M Mimani & Associates LLP. The report confirms the company has complied with all SEBI regulations during the review period. However, three non-compliance issues from FY 2024-25 were noted: improper composition of the Nomination and Remuneration Committee (Aug-Sep 2024), Stakeholders Relationship Committee (Aug-Sep 2024), and Risk Management Committee (Aug-Oct 2024), resulting in total penalties of Rs 7,17,440. The company has filed appeals before the Securities Appellate Tribunal for all three violations. One minor observation was made regarding a typographical error in the disclosure of Mrs. Bhama Krishnamurthy's appointment tenure (stated as 5 years instead of 4 years). All other compliance areas including secretarial standards, policies, website disclosures, related party transactions, and insider trading norms were found satisfactory.
The filing indicates no current compliance issues, but unresolved regulatory penalties from prior year committee composition violations may attract continued regulatory attention. The appeals outcome could affect the company's regulatory standing. The minor disclosure error is procedural and unlikely to impact shareholders materially.