Enclosed is the Annual Secretarial Compliance Report for the financial year ended 31-Mar-2026
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Valson Industries Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26, certified by P.C. Shah & Co., Practicing Company Secretaries (Peer Review No. 6844/2025). The report reveals one current-year non-compliance: the Annual Secretarial Compliance Report for FY ended March 2025 was submitted to BSE 17 days late, attracting a fine of Rs. 34,000 plus 18% GST, which was paid on 1st July 2025. The delay was attributed to the ongoing peer review process of the secretarial auditor. Additionally, the report notes multiple historical unresolved fines from FY 2019-2023 totaling approximately Rs. 3.04 lakh plus GST, all related to non-appointment of a Company Secretary as Compliance Officer during various quarters. BSE rejected the company's requests to waive these fines, and promoter shares remain frozen due to non-payment. The company has since appointed Mrs. Neeti Alwani as Company Secretary w.e.f. 1st March 2021 and is currently compliant.
The historical unresolved fines and frozen promoter shares represent an ongoing regulatory concern. However, current compliance status shows the company is now compliant with SEBI regulations, which is a positive development for shareholders.