Vipul Limited has update the exchange with the Annual Secretarial Compliance Report for the Financial Year Ended March 31, 2026
VIPULLTD · price
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Vipul Limited has filed its Annual Secretarial Compliance Report for FY ending March 31, 2026, prepared by Practicing Company Secretary M/s AVA Associates. The report flags several compliance failures during the review period: (1) Audited results for FY ending March 31, 2025 were filed 15 days late (75 days vs. 60 required), attracting fines of Rs. 88,500 from BSE and Rs. 47,200 from NSE; (2) Board composition fell below the required 6 directors after Ms. Vishaka Beriwala's resignation, leading both exchanges to freeze the entire shareholding of the promoter; (3) BSE and NSE imposed additional fines (Rs. 28,320 and Rs. 2,30,100 respectively) for Audit Committee and Stakeholders Relationship Committee composition issues; (4) Annual Report for FY ending March 31, 2024 was dispatched one day late, incurring a Rs. 4,720 fine; (5) Disclosure delays were noted for the sale of stake in High Class Project Ltd and associate Choice Real Estate Pvt Ltd (reported 12 hours late), the resignation of director Vishaka Beriwala, and the arrest of MD/CEO/CFO Punit Beriwala. Most fines have already been paid; the company stated it is working to appoint a new director to restore board composition.
The report highlights repeated governance lapses — frozen promoter shareholding, multiple stock exchange fines, and delayed disclosures of material events including a senior executive's arrest — which together signal weak compliance culture and may pressure the stock. Shareholders should watch for board reconstitution, timely future filings, and any further regulatory action.