PFA the Annual Secretarial Compliance report for the year ended 31st March, 2025
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Virat Leasing Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI's listing regulations. The Practicing Company Secretary confirmed the company generally complied with applicable SEBI regulations, secretarial standards, insider trading rules, and disclosure norms. One non-compliance was noted: the Stakeholder Relationship Committee did not have a Chairperson for the quarter ended 30 September 2024, following the tenure expiry of a director, which led to BSE imposing a fine of Rs. 1,41,600. The company has applied for a waiver of this fine. The previous year's observations have been satisfactorily resolved, and the erstwhile statutory auditors resigned at the AGM on 27 September 2024 due to pre-occupation.
This is a routine compliance filing with no major material impact. The single non-compliance is a minor governance gap involving a committee chairperson vacancy, already disclosed with a modest fine pending waiver. No new red flags for shareholders.