Pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith the Annual Secretarial Compliance Report for the year ended March ....
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Welcast Steels Limited has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2026, prepared by Tushar Vora & Associates, Practicing Company Secretaries. The report examines compliance with SEBI regulations including LODR, SAST, PIT, and Depositories Regulations. One deviation was noted: Mr. Rajan Ramkrishna Marivallabhdas was appointed as Non-Executive Independent Director (who attained 75 years of age) via a Special Resolution passed within three months of appointment instead of prior approval, violating Regulation 17(1A). The company paid a fine and cited Regulation 17(1C) for justification, but BSE rejected this explanation. All other compliance requirements including secretarial standards, website disclosures, related party transactions, insider trading norms, and performance evaluations were found satisfactory. The company has no subsidiaries.
The filing shows generally good compliance with SEBI regulations, with only one regulatory deviation regarding director appointment procedure. The fine already paid and cleared indicates the matter is closed. This routine compliance report is unlikely to have any material impact on the stock price.