Veljan Denison Limited- Annual Compliance Certificate as enclosed for the period ended 31.03.2025
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Veljan Denison Ltd filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, certified by Practicing Company Secretary CS Nadupalli Phani Chakravarthy. The report confirms overall compliance with SEBI Regulations, SCRA, and Secretarial Standards, with no actions taken against the company by SEBI or stock exchanges. However, three instances of non-compliance were flagged: delay in filing listing application for trading approval (Rs. 4.40 lakh fine), another delay in filing trading approval application (Rs. 4 lakh fine), and failure to complete a bonus issue within two months of board approval (Rs. 38.80 lakh fine). Total fines imposed amount to approximately Rs. 47.20 lakh plus GST, which the company has already paid.
The penalty of nearly Rs. 47 lakh is a negative signal showing procedural lapses in bonus issue execution and timely filings, though the amounts are small relative to most listed companies. Investors should note the management's commitment to avoid future delays, and there is no other regulatory action or governance red flag from SEBI.