ANNUAL SECRETARIAL COMPLIANCE REPORT FOR THE YEAR ENDED 31ST MARCH,2025
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Trans-Freight Containers Limited has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, prepared by K.C. Nevatia & Associates, Practicing Company Secretaries, as required under SEBI (LODR) Regulation 24A. The report identifies two minor deviations: (1) 99.82% of promoter shareholding is held in dematerialised form against the required 100%, with the company working to demat the remaining physical shares (improvement from 56.94% last year), and (2) a delay in submitting the outcome of the 14 November 2024 board meeting due to a technical OTP issue on the BSE portal, with no penalty imposed. The company is compliant on all other parameters including Secretarial Standards, insider trading, related party transactions, website disclosures, director disqualification, and performance evaluation.
These are routine regulatory compliance observations with no penalties or regulatory action against the company. The promoter demat shortfall has improved significantly year-on-year and is being remediated, while the single filing delay was due to a technical glitch rather than negligence. No material impact on shareholders or stock price is expected.