Annual Secretarial Compliance Report for the Financial Year ended 31st March 2026.
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Yash Chemex Limited has filed its Annual Secretarial Compliance Report for FY 2025-26. The report identifies one compliance violation: delayed disclosure under Regulation 30 regarding acquisition of shares of Yasons Chemex Care Limited (unlisted subsidiary) during October 2017 to December 2022. SEBI's Adjudicating Officer had imposed a penalty of Rs. 2 lakh on the company for this violation, which the company states it has complied with. Additionally, the company's statutory auditor resigned effective 19th May 2026 without issuing the audit report for Q4 and FY ended March 2026. The company has appointed M/s TRS & Associates as the new statutory auditor to fill this vacancy. All other compliance areas including secretarial standards, policies, website disclosures, director qualifications, document preservation, performance evaluation, and insider trading norms were found satisfactory.
The delayed disclosure penalty and auditor resignation may raise concerns about governance practices, though the company has taken remedial action by appointing new auditors. The Rs. 2 lakh penalty is relatively minor but highlights a historical compliance lapse that shareholders should be aware of.