Pursuant to Regulation 24(A) of the Securities & Exchange Board of India , please find attached Annual Secretarial compliance Report for the financial year 2024-25`
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Ventura Textiles filed its Annual Secretarial Compliance Report for FY 2024-25, which revealed multiple SEBI LODR compliance lapses during the year. The company was fined Rs.46,020 for not having a qualified Company Secretary (appointed only on 10 May 2024), Rs.4,720 for late filing of the Corporate Governance Compliance Report, and Rs.7,080 for late submission of the Annual Report. Listing fees for FY25 were paid on 13 November 2024, nearly 7 months late, with management citing financial difficulties. The company also delayed intimating the stock exchange about an Independent Director completing his final term. The Structured Digital Database (SDD) under insider trading rules was non-functional, though the software was installed. Additionally, off-market share transfers were noted — 5 lakh shares by a promoter entity to Mr. Akshay Dhumal and 6 lakh shares sold by Ms. Rita Jawahar Bhuta.
The pattern of repeated compliance failures and cited financial difficulties points to weak governance and ongoing cash flow stress at the company. While fines are small, these are red flags for retail investors, as BSE had earlier even suspended trading of Ventura Textiles shares over unpaid listing fees.