Annual Secretarial Compliance Report for the Financial Year 2025-2026.
VALIANTLAB · price
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Valiant Laboratories Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, as mandated under SEBI LODR Regulation 24A. The report by Mehta & Mehta, Practising Company Secretaries, shows the company largely complied with SEBI regulations during the review period. One minor deviation was noted: a delay in furnishing prior intimation about the Rights Issue Committee meeting under Regulation 29(2)/29(3), for which BSE and NSE each levied a fine of Rs. 11,800 (inclusive of GST). The company attributed this to scheduling constraints and paid the fines promptly, with the matter now resolved. All 13 compliance checkpoints including Secretarial Standards, Related Party Transactions, Insider Trading norms, and website disclosures were marked as compliant. No additional non-compliances were observed.
The minor regulatory fine of Rs. 11,800 each to BSE and NSE is immaterial financially. The company acted in good faith by paying fines promptly, indicating a cooperative compliance attitude. The overall clean compliance report with only one procedural delay is broadly positive for shareholders and signals adequate corporate governance standards.