Please find attached herewith Annual Secretarial Compliance Report for 2024-25
WAAREERTL · price
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Waaree Renewable Technologies has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI's Listing Regulations. The report, prepared by MMJB & Associates LLP, confirms the company is broadly compliant with SEBI regulations, secretarial standards, board performance evaluation, related party transaction approvals, and disclosure timelines. However, two compliance issues were flagged: (1) a few instances of delayed entries in the structured digital database under Insider Trading rules, and (2) two cases where designated employees traded shares without obtaining pre-clearance and also executed contra trades in violation of the company's Code of Conduct. Management has issued warning letters and is reviewing the matter with the Audit Committee. The report also notes that a prior-year related party transaction disclosure delay had attracted a minor BSE fine of ₹11,800, which has since been paid.
For shareholders, the main takeaway is that while overall governance is in order, there were minor insider trading code violations by employees, which may draw some regulatory attention but have already been addressed through warnings. These are non-material procedural lapses unlikely to materially affect the stock price, but worth flagging for governance-sensitive investors.