Pursuant to Regulation 24A of SEBI LODR Regulation, 2015, enclose herewith Annual Secretarial Compliance Report for March, 2026.
VIPCLOTHNG · price
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VIP Clothing Ltd has filed its Annual Secretarial Compliance Report for FY 2025-26 with practicing company secretary KRS and CO. The report generally shows compliance with SEBI regulations but identifies four observations. First, there was a discrepancy between XBRL and PDF versions of the secretarial compliance report regarding applicability of Substantial Acquisition regulations. Second, appointment of three Independent Directors (Mr. Kishor Navandar, Ms. Vandana Kumari Bhardwaj, and Mr. Vilas Chandrakant Gupte) was not intimated to NSE within the required 30-day timeline. Third, there was a delay in freezing PAN of Mr. Uday Ajgaonkar (Independent Director/Designated Person) on CDSL due to a technical issue, leading to an inadvertent trade during trading window closure. Fourth, Mr. Ajgaonkar traded in company securities during the restricted trading window closure period for Q4 and FY ended March 2025. No monetary penalties were imposed. The company has taken corrective actions including reporting violations to exchanges, issuing warning letters, and strengthening compliance measures.
While no monetary penalties were imposed, the report highlights procedural lapses in insider trading compliance and timely disclosures. The company has addressed these through corrective measures and clarifications to exchanges. Overall positive for compliance framework, though minor procedural gaps exist.