Pl. find Annual Secretarial Compliance Report for Mar 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Veritas (India) Ltd submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025, prepared by JMJA & Associates LLP as required under SEBI LODR Regulation 24A. The review found the company broadly compliant across areas like secretarial standards, board policies, website disclosures, related party transactions, insider trading, and director eligibility. One exception was flagged: in the December 2024 quarterly Corporate Governance Report, the company inadvertently listed Mr. Paresh Merchant as the Nomination and Remuneration Committee (NRC) Chairperson instead of Independent Director Mr. Rohinton Shroff, leading BSE to impose a Rs. 44,840 fine under Regulation 19(1)/19(2). The company filed a corrected Corporate Governance Report on March 5, 2025, and has applied to BSE for a waiver, which is pending. A previous-year observation about the absence of a compliance officer from June to December 2023 (Rs. 23,600 fine) was also noted as resolved.
This is a routine annual compliance disclosure with a minor, already-disclosed penalty for an inadvertently incorrect filing rather than a governance lapse. No material impact on shareholders or the stock is expected, and the waiver request to BSE could reduce or reverse the Rs. 44,840 fine.