In pursuance to the applicable clause of Regulation 24A of SEBI ( Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular CIR/CFD/CMD-I/27/2019 dated 08.02.2019, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
USG Tech Solutions filed its Annual Secretarial Compliance Report for FY 2024-25 with BSE, prepared by practicing company secretary Apoorv & Associates. The report flagged several non-compliances: (1) Independent Director Ms. Nirmal Garg did not apply to the IICA data bank for inclusion, leaving the board composition non-compliant under Regulation 17; (2) Company Secretary was not appointed within 3 months, attracting a stock exchange fine of ₹74,000 (since paid, with Ms. Himanshi Rawat appointed on 14.06.2024); (3) Structured Digital Database (SDD) for insider trading was not maintained till 30.06.2024, and a technical glitch caused data capture issues even after SDD software was activated from 01.07.2024; (4) The company remains listed on the Calcutta Stock Exchange but has not done any compliances there for a long time. The report confirms compliance with Secretarial Standards, policies, website disclosures, and that no director is disqualified. The company has two wholly-owned subsidiaries — Retail Information Systems Pty Ltd (Australia) and Nishkarsh Properties Pvt Ltd.
This is a routine but flag-heavy compliance filing. The repeated non-compliances around the data bank and insider trading database suggest weak governance maturity, though management has paid the fines and initiated corrective steps. Retail investors should note ongoing governance risks but there is no SEBI enforcement action and no impact on financials has been disclosed.