Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026
ZODIAC · price
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Zodiac Energy Ltd filed its annual secretarial compliance report for FY ending March 31, 2026, certified by Practicing Company Secretaries SCS and Co. LLP. While the company broadly complied with SEBI regulations (LODR, PIT, SAST, Depositories), the auditors flagged multiple deviations: (1) Four instances of delayed stock exchange disclosures under Regulation 30 (delays of 1-21 days), including one inadvertently omitted disclosure about a GST show cause notice; (2) Delays in updating the Structured Digital Database (SDD) for insider trading; (3) Contra trades executed by a Senior Managerial Personnel (Anurag Mittal) and his spouse (Pooja Mittal) within the 6-month cooling-off period; (4) Failure by same persons to furnish required transaction disclosures under Regulation 7(2). The company has acknowledged all observations and stated it has strengthened internal controls and will conduct periodic compliance training to prevent recurrence.
The non-compliances are procedural and appear unintentional based on management responses. No penalties were reported, and no enforcement actions were taken by SEBI or stock exchanges. The violations relate to disclosure timelines and internal control gaps rather than financial or governance misconduct. Minor reputational risk exists given repeat observations from prior year regarding SDD delays.