Compliance - Reg 24(A) - Annual Secretarial Compliance Report for the year Ended March 31, 2026.
WALCHANNAG · price
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Walchandnagar Industries has filed its Annual Secretarial Compliance Report for FY 2025-26, issued by practicing company secretaries V.N. Deodhar & Co. The report covers compliance with key SEBI regulations including LODR, ICDR, SAST, SBEB & Sweat Equity, and Insider Trading regulations. The company was found to be largely compliant across areas such as secretarial standards, website disclosures, director disqualification, document preservation, board evaluations, related party transactions, and insider trading norms. One deviation was noted: the company failed to allot shares within the required 18 months upon conversion of convertible securities under Regulation 162 of SEBI (ICDR) Regulations, 2018. Fines of Rs. 1,88,800 to BSE and Rs. 1,94,400 to NSE were levied and paid. Management stated it will take full care in future. No other additional non-compliances were observed.
The single instance of non-compliance is minor and already settled with fines paid, with no material threat to the company's listing status. Management's commitment to prevent recurrence is a positive signal, though the delay in share allotment from convertible securities warrants investor attention.