We enclose herewith Annual Secretarial Compliance Report for the year ended March 31, 2026
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Maxgrow India Ltd (BSE Scrip: 521167) has submitted its Annual Secretarial Compliance Report for FY 2025-26, disclosing 20 compliance violations across various SEBI regulations. The violations include delayed submission of financial results, shareholding patterns, corporate governance reports, and related party transaction disclosures. The company also failed to maintain a compliance officer from July 2025 to April 2026, did not maintain a functional website, and lacked required board committees and Structured Digital Database for insider trading. BSE imposed fines totaling approximately Rs 8.4 lakh, including Rs 4.8 lakh for non-filing of Annual Report and Rs 2.3 lakh for delayed Q3 FY25 financial results. Some fines remain unpaid. The company attributes these failures to its ongoing CIRP (Corporate Insolvency Resolution Process) and subsequent trading suspension by BSE, from which it has recently emerged.
The stock may remain under regulatory scrutiny. Multiple unpaid fines and ongoing compliance weaknesses suggest elevated risk for investors. The company is rebuilding its compliance framework after emerging from insolvency proceedings.