Submission of Annual Secretarial Compliance Report for the year ended 31.03.2025
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Aarvee Denims and Exports Ltd submitted its Annual Secretarial Compliance Report for FY2024-25, prepared by Practicing Company Secretary Mr. Tapan Shah as required under SEBI LODR Regulation 24A. The auditor confirmed the company generally complied with applicable SEBI regulations, secretarial standards, related-party transaction rules, and disclosure norms. Three non-compliances were flagged: a default of Rs. 3.26 crore in loan interest/principal repayments to banks as on 30.06.2024 (Q1 of the financial year), delayed updation of the SDD (insider trading) register, and a Rs. 87,320 penalty already paid to BSE for late filing of Regulation 24A report — with the corresponding NSE penalty matter still pending. The company has no subsidiaries and no statutory auditor resignations during the year.
This is a routine annual compliance filing with no major red flags. The disclosed loan default of Rs. 3.26 crore and minor governance lapses (late SDD updates, small late-filing penalties) point to some financial and compliance stress, but the amounts are not material to the company's overall scale and have been disclosed transparently.