Please find attached Annual Secretarial Compliance report for the year ended 31.03.2025
VASWANI · price
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Vaswani Industries has filed its Annual Secretarial Compliance Report for FY 2024-25, prepared by secretarial auditor Mund Bikram & Associates. The report flags four instances of non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. These include a 2-day delay in filing related party transactions in XBRL format (Regulation 23), failure to submit consolidated financial results for Q1 FY25 despite having associate companies (Regulation 33), delay in filing postal ballot voting results in XBRL format (Regulation 44), and delayed prior intimation of a board meeting for Q2 FY25 results (Regulation 29). BSE and NSE imposed fines for each violation, with the largest being Rs 2.95 lakh (including GST) from each exchange for the consolidated results lapse. The company cited technical issues, oversight, and failure to account for exchange holidays as reasons.
The total fines of approximately Rs 6.49 lakh (including GST) from both exchanges are not material to the company's finances, but the pattern of multiple compliance lapses — particularly missing consolidated financial results for a full quarter — may concern investors about governance and disclosure quality.