Pursuant to SEBI circular No. CIR/CFD/CMD1/27/2019 dated February February 08, 2019 please find attached the Annual Secretarial Compliance Report from practicing Company Secretary for the ....
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Trio Mercantile & Trading has submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by Practicing Company Secretary Shreya Shah. For the current review period, the company is broadly compliant across SEBI regulations including LODR, Insider Trading, and Depositories rules — no new deviations were flagged. However, several old non-compliance issues from prior years remain unresolved, including pending BSE fines: INR 1,80,000 + GST from FY2022-23 for incorrect NRC disclosure, and two fines of INR 1,18,000 + GST each from FY2023-24 for incorrect NRC and SRC disclosures in Corporate Governance reports. The company has filed revised reports but has neither paid the fines nor applied for waivers. Additional older issues include missing meeting dates in CG reports (4 quarters) and a one-day delay in filing the Reg. 40(9) Compliance Certificate for FY2023, where only a covering letter was submitted.
This is a routine annual compliance filing with no new negative findings for FY2024-25. However, the lingering unpaid BSE fines (totalling around INR 4.16 lakh + GST) from past years remain an open issue that could attract further regulatory action, posing a minor overhang for shareholders though unlikely to materially impact the stock.