Annual Secretarial Compliance Report for the financial year ended 31st March 2025.
USHAMART · price
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Usha Martin Limited has submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2025, issued by MKB & Associates (Company Secretaries). The report confirms that the company has complied with all applicable SEBI regulations, circulars, and guidelines, with no observations, qualifications, or non-compliances reported. All 13 compliance parameters reviewed — including Secretarial Standards, related party transactions, insider trading, website disclosures, and director disqualification — show a 'Yes' compliance status with nil remarks. No action has been taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries during the period. One minor disclosure: the company's listed share capital is inflated by 230 equity shares due to an erroneous transfer to IEPF by CDSL in September 2020, and rectification efforts with IEPF authorities are ongoing.
This is a routine compliance filing with no negative findings — it signals clean corporate governance for FY25 with no SEBI actions or penalties. The 230-share IEPF discrepancy is trivial in size and has been transparently disclosed since FY21, so it is unlikely to move the stock price but reflects ongoing administrative cleanup.