Annual Secretarial Compliance Report for the year ended as 31th March, 2025
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The company submitted its Annual Secretarial Compliance Report for FY25, confirming overall compliance with SEBI (LODR) Regulations. The Practicing Company Secretary (B.K. Pradhan & Associates) reviewed all SEBI regulations, circulars, and the listed entity's filings, website, and records. One non-compliance was flagged: the company has not obtained a special contingency insurance policy as required by SEBI circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70, which is meant to cover risks from issuance of duplicate securities. This is a repeat observation from the FY24 report, with management stating they are finalizing the policy with an insurer. No fine was levied and no action was taken by SEBI or stock exchanges. All other compliance areas—secretarial standards, policies, website disclosures, director eligibility, related party transactions, insider trading—were found satisfactory.
The lone non-compliance is administrative in nature and recurring from last year, with no financial penalty imposed. For shareholders, this is a minor governance flag rather than a material concern, but the delay in obtaining the mandated insurance policy may be worth monitoring.