Annual Secretarial Compliance Report March 2026

GMJ & Associates, Company Secretaries, reviewed the company's statutory compliance for the year ended March 31, 2026. The report confirms compliance with most SEBI regulations, though one deviation was noted. The company failed to disclose material events within the stipulated time — specifically, an order by the Public Health Engineering Department, Government of Rajasthan (June 2024), and subsequent litigation updates including a stay and quashing of the order by the Rajasthan High Court. SEBI issued an Adjudication Order on February 24, 2026, imposing a penalty of ₹2,00,000 (INR Two Lakhs) under Section 15-I of the SEBI Act, 1992, which the company has paid. Management stated it is evaluating further legal recourse. Additionally, transcripts from an investor meet held on May 30, 2025, were filed late with BSE and NSE, missing the five working days deadline under Regulation 46(2)(i). The company has no subsidiaries.