Enclosed Annual Secretarial Compliance Report for FY 25-26
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Wardwizard Innovations & Mobility Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26, audited by CS Kamal A. Lalani. The company faced compliance issues: BSE fined Rs. 56,640 and Rs. 28,320 for delayed submission of Shareholding Pattern (Reg 31) for Q1 June 2025 via XRBL mode. Reconciliation of Share Capital Audit Report (Reg 76) was also delayed for Q1 and remains unsubmitted for Q4 March 2026. Additional non-compliance noted under SEBI (SAST) Regulations with delays in encumbrance and share transfer reporting. BSE sought clarification on a January 2026 price-sensitive announcement, which the company addressed. Board-recommended dividend was rejected by shareholders at the September 2025 AGM. Most other areas including secretarial standards, policies, insider trading, and related party transactions were found compliant.
The company has recurring regulatory non-compliances with BSE, resulting in fines. While basic compliance areas are satisfactory, the ongoing delays in share capital audit reporting and SAST filings indicate weak internal controls. Shareholders should monitor if management strengthens compliance processes, as repeated violations could attract further penalties or regulatory scrutiny.