Annual Secretarial Compliance Report for the Financial year ended on 31st March, 2025.
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Tirupati Sarjan Ltd has filed its Annual Secretarial Compliance Report for FY ending 31 March 2025, prepared by Chetan Patel & Associates. The Practicing Company Secretary flagged a current-year non-compliance: the company's Board composition was not proper under SEBI LODR Regulation 17(1)(a) & 17(1E), as an Independent and Non-Executive Director was not properly appointed and a casual vacancy was not filled within the prescribed time. BSE imposed a fine of Rs. 2,83,200 for this violation. The report also details nine previous-year observations from FY23-24 (delayed SDD entries, misclassified Board meeting outcomes, missing prior intimation of Board meetings, delayed related-party transaction disclosure, and improper appointment of Independent Directors through ordinary instead of special resolution), with the company having paid cumulative fines of approximately Rs. 4,42,000 plus GST to BSE. Other compliance areas — secretarial standards, policies, website disclosures, director disqualification, related-party transactions, insider trading, and event disclosures — are confirmed compliant.
Shareholders should note ongoing governance and board-composition weaknesses that have triggered multiple BSE fines, though the company has settled prior penalties and largely rectified earlier lapses. The continuing non-compliance on Board composition may attract further regulatory action and reflects weak corporate governance oversight.