Pursuant to Reg 24A of SEBI (LODR) Regulations 2015, please find attached Annual Secretarial Compliance Report of the Company for the year ended 31.03.2026.
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Vistar Amar Ltd filed its Annual Secretarial Compliance Report for FY 2025-26, issued by Practicing Company Secretary Isha Gupta of I S Gupta & Co. The report reveals the company faced regulatory scrutiny during the review period. BSE imposed a fine of Rs. 4.60 lakh for non-compliance with board composition norms (Regulation 17(1)(c)) for Q2 FY26 due to insufficient independent directors with an executive chairman. The company subsequently appointed Ms. Chandni Gopal Khudai as Independent Director w.e.f. 1st October 2025 to rectify this. A legacy fine of Rs. 1,000 was also levied for delayed corporate governance report filing from December 2015. Additionally, the Company Secretary position remained vacant for a period before Mrs. Poonam Mor was appointed on 24th June 2025. A formal complaint was lodged by the former Company Secretary with BSE and ROC regarding Rights Issue disclosures and his departure, which the company addressed. Overall, the company has taken corrective measures to address past issues and restore compliance.
The company paid Rs. 4.60 lakh in fines for board composition non-compliance and faced a complaint from its former compliance officer. While the board has been reconstituted and compliance systems strengthened, these incidents reflect weak internal controls historically. Shareholders should monitor that the company maintains consistent regulatory compliance going forward.