Corporate Status Update
- The company is undergoing Corporate Insolvency Resolution Process (CIRP) effective from 1st September 2025 pursuant to NCLT Chennai order
- This status was intimated to Stock Exchanges on 2nd September 2025
- CIRP proceedings have been stayed by NCLAT Chennai vide order dated 21st January 2026
Reason for Non-Compliance
Due to the ongoing stay on CIRP proceedings:
- The Annual General Meeting for financial year 2024-25 could not be convened
- Secretarial Auditor has not been appointed to date
- Consequently, Secretarial Compliance Report could not be submitted
Company Position and Request
The company states that the non-submission of Secretarial Audit Report is neither wilful nor wanton but due to genuine difficulty arising from the stayed CIRP proceedings. They formally request waiver of the penalty imposed.
Future Commitment
The company commits to submit the Secretarial Compliance Report after the Secretarial Auditor is appointed upon duly convening the Annual General Meeting.