Intimation regarding Annual Secretarial Compliance Report for the financial year ended March 31, 2026 is enclosed
VISHNU · price
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Vishnu Chemicals has submitted its annual secretarial compliance report for the year ended March 31, 2026. The company was found non-compliant with Regulation 21(2) of SEBI (LODR) regarding the composition of its Risk Management Committee from May 15, 2025 to February 17, 2026. Both BSE and NSE imposed fines of Rs. 3,280 each (including GST). The Risk Management Committee was reconstituted on February 18, 2026, resolving the issue. Management stated they will ensure better compliance in future. All other aspects including secretarial standards, related party transactions, insider trading compliance, and website disclosures were found satisfactory. No statutory auditors resigned during the period.
This is a routine compliance filing with a minor regulatory violation that has since been corrected. The fine is small and the company has addressed the issue. However, it does indicate historical lapses in governance practices related to committee composition, which cautious investors may note.