Please find enclosed herewith Annual Secretarial Compliance Report for the Financial Year 2024-25
THOMASCOTT · price
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Thomas Scott (India) Ltd submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025 to BSE and NSE on May 29, 2025. The report, issued by Kothari H. & Associates, Practicing Company Secretaries, confirms the company is compliant with SEBI regulations, Secretarial Standards, board policies, website disclosures, related party transactions, and timely event disclosures, with no action taken by SEBI or stock exchanges. One non-compliance was flagged: 31,050 shares held by the promoter group remain in physical form instead of being dematerialized, as required under Regulation 31(2) of SEBI LODR Regulations, 2015, with no fine imposed and management stating they are working to fix it. A second observation noted that the insider trading compliance database under Regulation 3(5) & 3(6) was maintained in Excel due to technical issues with the SDD software. The promoter share dematerialization issue has now been flagged across three consecutive years (FY 2022, 2023, and 2024) without resolution.
This is a routine regulatory compliance filing with no penalties or material adverse findings, so it is unlikely to move the stock. However, the repeated non-compliance on promoter share dematerialization across multiple years is a minor governance red flag that shareholders should monitor for resolution.