Pursuant to Regulations 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 Ltd submitted its Annual Secretarial Compliance Report for FY ended March 31, 2025, prepared by Tushar Vora & Associates, Practicing Company Secretaries. The report confirms compliance with SEBI LODR Regulations and other applicable laws, covering secretarial standards, board policies, website disclosures, director qualifications, related party transactions, insider trading, and performance evaluation. One deviation was flagged: the appointment of Mr. Rajan Ramkrishna Harivallabhdas (aged 75+) as Non-Executive Independent Director on September 2, 2024, was approved by a Special Resolution on November 14, 2024, instead of obtaining it prior to appointment as required under Regulation 17(1A). BSE imposed a fine of Rs. 58,000 (excluding GST), which the company paid on November 28, 2024. A minor observation noted a 2-day delay in capturing one event in the Structured Digital Database under insider trading rules. No SEBI or stock exchange actions were taken against the company during the review period.
This is a routine annual compliance filing with no material impact on shareholders. The single regulatory penalty of Rs. 58,000 is negligible for the company and relates to a procedural lapse in director appointment that has since been rectified. Overall, the report indicates the company is in good standing with SEBI compliance requirements.