Please find enclosed the Annual Secretarial Compliance Report for the year ended March 31, 2025
VALIANTORG · price
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Valiant Organics Ltd submitted its Annual Secretarial Compliance Report for FY25, as required under SEBI Listing Regulations. The report flagged one non-compliance: a non-executive director who had attained the age of 75 years continued on the board without prior shareholder approval via special resolution from May 29, 2024 to August 20, 2024, after which approval was obtained on August 21, 2024. BSE and NSE levied fines of Rs. 1,98,240 each (including 18% GST), which the company has paid and for which waiver and refund applications are pending with the exchanges. All other compliance checks — including secretarial standards, insider trading rules, related party transactions, website disclosures, and board evaluations — were reported as fully complied with. No other non-compliances were observed during the review period.
This is a routine regulatory filing highlighting a single, already-corrected procedural lapse with a minor financial penalty that is being contested for refund. No material impact on shareholders or the stock price is expected.