Viceroy Hotels Limited has informed the Exchange regarding 'Secretarial Compliance Report'. for FY 2025-26
VHLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Viceroy Hotels Limited submitted its Secretarial Compliance Report for the financial year ended March 31, 2025, to BSE and NSE on May 19, 2025. The report, prepared by Practicing Company Secretaries S.S. Reddy & Associates, flagged two compliance issues during the year. First, the company delayed its half-yearly Related Party Transactions disclosure (for the period ending March 31, 2025) by one day, attracting a Rs 5,000 penalty from each of BSE and NSE, which has since been paid. Second, SEBI and NSE issued warning letters to the company for not disclosing the non-finalisation of a forensic audit that was initiated by ARCIL (via Baker Tilly) during the CIRP process; management clarified the audit remained in draft stage when the insolvency process concluded. The report also noted a delayed disclosure of a Rs 3.56 crore cross-subsidy surcharge demand from TGSPDCL, received on February 18, 2025 but disclosed only on March 4, 2025.
The lapses are minor — small penalties already paid and warning letters that have been disclosed — so the direct impact on shareholders is limited. However, repeated delays in disclosures and the SEBI/NSE warning on the forensic audit matter may be viewed as mild governance red flags by retail investors.