VASWANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vaswani Industries submitted its annual secretarial compliance report for FY 2025-26, audited by M/s. Mund Bikram & Associates. The report reveals multiple non-compliances during the review period: (1) delay in submitting prior intimation of board meeting for financial results to exchanges (fines: ₹23,600), (2) failure to declare and submit Q3 FY2025 financial results within the prescribed period due to SAP system maintenance issues (fines: ₹1,41,600), (3) procedural delay in insider trading disclosures for preferential share allotment to promoters (fines: ₹15,685), and (4) appointment of an independent director through ordinary resolution instead of special resolution, later corrected. The company has also been penalized for similar compliance failures in the previous year (FY 2024-25), with no marked improvement observed. Website disclosures were noted as not placed under proper identifiable sections.
Recurring compliance lapses with cumulative fines exceeding ₹2.3 lakh suggest weak internal controls and governance concerns. Repeated delays in financial reporting and regulatory filings could negatively impact investor confidence and attract further regulatory action.