Annual Secretarial Compliance Report for FY 25-26
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Vashu Bhagnani Industries Ltd (formerly Pooja Entertainment and Films Ltd) has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026 under SEBI LODR Regulation 24A. The report, issued by Practicing Company Secretary B.K. Pradhan & Associates, identifies two compliance deviations: (1) the company failed to obtain a special contingency insurance policy for risks related to duplicate securities issuance as mandated by SEBI circular, with no fine levied but the issue remains unresolved from the previous year; (2) the company was fined Rs. 59,000 plus GST by BSE for submitting the ASCR in XBRL mode late (June 27, 2025 vs. deadline). The company claims the XBRL delay was due to technical error. All other compliance areas including secretarial standards, related party transactions, insider trading regulations, and website disclosures were found satisfactory.
The filing reveals minor regulatory non-compliances. The Rs. 59,000 fine for delayed XBRL filing is a one-time penalty with limited shareholder impact. The unresolved insurance policy requirement is a recurring issue that investors should monitor, as it indicates gaps in meeting SEBI-mandated risk safeguards.