Please find attached the Annual Secretarial Compliance Report issued by a Practicing Company Secretary under SEBI (LODR) Regulations.
TIRUMALCHM · price
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Thirumalai Chemicals has submitted its Annual Secretarial Compliance Report for FY25, prepared by RM Mimani & Associates LLP. The report flags three instances of non-compliance regarding the composition of the Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee during August–October 2024. Stock exchanges (NSE and BSE) imposed fines totaling about Rs 7.17 lakh (Rs 1,93,520 each on the first two and Rs 3,30,400 on the third, of which Rs 66,080 was paid). The company has filed appeals before the Securities Appellate Tribunal (SAT) in Mumbai for all three. Previous-year observations (delayed related-party transaction disclosure, XBRL filing delays, trading-window intimation delay) were largely addressed, with the Rs 10,000 RPT fine already paid. Additionally, the outcome of a May 31, 2024 circular resolution on director appointment was not filed during the review period.
Minor negative governance signal — three SEBI LODR committee-composition lapses triggered exchange fines and a pending SAT appeal, though amounts are small relative to the company. No broader action by SEBI against the company or its directors; most other compliance areas (insider trading, related-party approvals, website disclosures, director eligibility) are clean.