Annual Secretarial Compliance Report for the year ended March 31, 2025
TTKHLTCARE · price
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TTK Healthcare has submitted its Annual Secretarial Compliance Report for FY 2024-25, confirming overall compliance with SEBI regulations including the Insider Trading norms, disclosure requirements, related party transactions, and secretarial standards. One non-compliance was flagged: the company failed to have a Woman Director on its Board for 54 days (August 23 to October 15, 2024) after the previous Woman Director's term expired on August 21, 2024. The lapse occurred because the replacement candidate was a retired central government employee awaiting a no-objection certificate, which was delayed. The company subsequently appointed a new Woman Director on October 16, 2024 and paid a fine of Rs. 2.70 lakh each to BSE and NSE (total Rs. 5.40 lakh plus GST). The company has applied for waiver of this fine and is awaiting the order.
The compliance lapse is minor and has already been rectified with a new Woman Director appointed within the cooling-off window. The fine paid is small relative to the company's size and is unlikely to affect the stock price or shareholder value. The pending waiver application could result in a refund if approved.