We are enclosing herewith the Annual Secretarial Compliance Report dated 27.05.2025 for the financial year ended March 31, 2025, issued by M/s Arun Jain & Associates, Practicing Company ....
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Vijay Solvex Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025 with BSE, as required under Regulation 24A of SEBI's Listing Regulations. The report was issued by M/s Arun Jain & Associates, Practicing Company Secretaries, on May 27, 2025, covering compliance with various SEBI regulations including the Insider Trading Regulations, LODR, and circulars. The company is compliant on all major parameters — secretarial standards, board policies, website disclosures, related party transactions, insider trading, and event disclosures — and no action has been taken by SEBI or stock exchanges against the company. One recurring observation persists: 31,020 equity shares (1.41% of the promoter group's holding) remain in physical form instead of being dematerialized, because a family dispute among coparceners has stalled the process following the death of the Karta of the promoter group. No fine has been imposed.
This is a routine annual regulatory filing with no material business or financial impact on shareholders. The unresolved share dematerialization issue is minor and carries no penalty, though it has been carried forward unchanged for several years.