Annual Secretarial Compliance Report for the Financial Year April 01, 2025 to March 31, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
USG Tech Solutions Ltd has submitted its Annual Secretarial Compliance Report for FY ended March 31, 2026, as required under SEBI Regulation 24A. The report, issued by Practicing Company Secretary Apoorv & Associates, identifies two key non-compliances: (1) Board composition issue where Independent Directors have not registered with IICA data bank or passed the mandatory self-assessment test, making them ineligible under Regulation 17; (2) Non-submission of insider trading disclosures under Regulation 6 & 7, which the company states was inadvertent. The company has paid fines levied by the stock exchange for prior compliance failures including delayed Company Secretary appointment. Positive findings include compliance with Secretarial Standards, proper policy adoption, website maintenance, document preservation, and performance evaluation of board members.
The persistent Independent Director registration issue and insider trading disclosure lapses highlight governance weaknesses that investors should monitor. Prior fine payments indicate regulatory scrutiny, though the company's stated corrective actions may reduce future risk.