Enclosed Annual secretarial Compliance report for the year 31st March 2025.
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Wendt (India) Ltd has filed its Annual Secretarial Compliance Report for the financial year ended 31 March 2025, as required under SEBI Listing Regulations. The report, issued by practicing company secretary M/s. Srinidhi Sridharan & Associates, confirms overall compliance with SEBI regulations except for a historical issue: the company had not met the 25% minimum public shareholding requirement under Rule 19A of SCRA Rules during FY 2019-20 and FY 2020-21. Promoters addressed this by selling shares through an Offer for Sale in January 2021, bringing public shareholding to the required level. Stock exchanges (NSE and BSE) levied a fine on 18 April 2024 for this past violation, which was paid on 24 April 2024. The report also notes a material related party transaction with promoter Wendt GmbH, approved by shareholders via postal ballot on 26 February 2025. No additional non-compliance was observed for the year under review.
This is largely a routine annual compliance filing with no new negative actions against the company. Shareholders should note the resolved historical minimum public shareholding violation and the associated fine that has been paid. The material related party transaction with Wendt GmbH was formally approved by shareholders, indicating transparent governance.