BSETricom Fruit Products LtdMinimalNeutral
Announced Thu, 8 May · 17:19 IST

Pursuant to Regulation 24A(2) of the SEBI (LODR) Regulations,2015 as amended please find enclosed herewith Annual Secretarial Compliance report for the financial year ended March 31,2025 ....

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Tricom Fruit Products Ltd has filed its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, as required under SEBI LODR Regulation 24A. The report, issued by Practicing Company Secretaries Hetal Doshi & Associates, confirms that the company generally complied with applicable SEBI regulations, secretarial standards, insider trading rules, and corporate governance requirements during the year. Importantly, the company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, with Mr. Prakash Naringrekar acting as Resolution Professional since October 9, 2024, and the NCLT's approval of the Resolution Plan is still awaited. The Board of Directors' powers stand suspended, and management is vested with the Resolution Professional. One minor BSE notice was issued for a delay in board meeting intimation, but the penalty was waived after the company filed a waiver application.

Likely market impact

This is a routine compliance filing, but shareholders should note the company's future and stock price remain tied to the NCLT's approval of its resolution plan under the ongoing insolvency process. The clean compliance record (aside from one waived penalty) is a neutral-to-positive signal but does not change the underlying insolvency overhang.