Pursuant to Regulation 24A of SEBI (LODR), 2015 please find enclosed herewith Secretarial Compliance Report issued by M/s. SCS and Co. LLP, PCS for the FY ending March 31, 2025.
ZODIAC · price
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Zodiac Energy Limited has filed its annual Secretarial Compliance Report for FY 2024-25, prepared by SCS and Co. LLP (Practicing Company Secretaries). The report confirms overall compliance with SEBI regulations but flags a few minor lapses: two stock exchange disclosures under Regulation 30 were delayed (one regarding an order from Mansa Sugar Limited in Zambia uploaded 2 days late, and another on an MOU with State Bank of India not uploaded the same day). The report also notes delayed entries of Unpublished Price Sensitive Information (UPSI) sharing into the company's structured digital database. Additionally, the company initially failed to disclose tax litigations under Regulation 30, though this was later included in the Integrated Filing Governance Report for the quarter ended March 31, 2025. Tax-related matters disclosed include a ₹2.12 crore (later revised to ₹2.06 crore) demand under Section 73(5) for FY 2020-21 and a separate ₹2.71 crore demand under Section 74 of the CGST Act involving ₹84.84 lakh of alleged tax evasion with 18% interest and penalties. No actions were taken by SEBI or stock exchanges against the company.
The report is largely routine and required by regulation, but it surfaces minor compliance gaps around timely disclosure and tax litigation transparency. While no penalties were imposed and no SEBI action was taken, the flagged delays could indicate weaker internal compliance systems, which retail investors may want to monitor going forward.