We hereby submit Annual Secretarial Compliance Report for the year ended March 31, 2026.
Awaiting price reaction for this filing.
Starlite Components Ltd has submitted its Annual Secretarial Compliance Report for FY 2025-26. The report reveals multiple compliance failures: the company failed to provide e-voting facility at its 2024-25 AGM, its board is not properly constituted under the Companies Act and SEBI LODR, and it has not appointed a qualified Company Secretary as required. The company website is not updated per Regulation 46, and there are delayed or missing regulatory filings. Critically, the company is under Corporate Insolvency Resolution Process (CIRP) initiated under IBC 2016, with the Resolution Professional appointed by NCLT in March 2024. BSE has suspended the company's securities for procedural reasons. Previous penalties totaling approximately Rs. 3.25 lakh were imposed for late shareholding pattern submission and non-appointment of compliance officer, for which the company has applied for waiver.
This is a highly negative filing. The company faces multiple regulatory non-compliances, ongoing insolvency proceedings, and BSE suspension. Shareholders should be aware that the company is under insolvency resolution with management powers transferred to the Resolution Professional, and trading in its securities is suspended.