Please find the attached Annual Secretarial Compliance Report for the FY 2025-26
VALIANTORG · price
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Valiant Organics has submitted its Annual Secretarial Compliance Report for FY 2025-26, examined by Mehta & Mehta, Practising Company Secretaries. The report shows the company largely complied with SEBI regulations except for a prior non-compliance: a Non-Executive Director aged above 75 years was appointed/continued without seeking member approval within the prescribed timeline under Regulation 17(1A) of Listing Regulations. BSE and NSE had imposed fines totaling Rs. 198,240 (including 18% GST) for this delay. The company subsequently obtained member approval via special resolution and has filed applications with both exchanges seeking waiver of these fines, which remain pending. All other compliance parameters including Secretarial Standards, Related Party Transactions, Insider Trading norms, and website disclosures show satisfactory compliance status.
The filing indicates generally good corporate governance but highlights a historical regulatory lapse regarding director appointment procedures. The pending waiver applications for fines (Rs. 1,98,240) suggest some regulatory uncertainty remains. Shareholders should note that the company is in substantial compliance for the review period with no new non-compliances observed.