Key Findings from Compliance Report

The Annual Secretarial Compliance Report was prepared by M/s. M & A Associates, Practicing Company Secretaries (Peer Review No. 2000/2022). The report covers examination of compliance with multiple SEBI regulations including:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • SEBI (Buyback of Securities) Regulations, 2018
  • SEBI (Registrars to an Issue and Share Agents) Regulations, 2025
  • SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021
  • SEBI (Prohibition of Insider Trading) Regulations, 2015

Compliance Status

The report indicates full compliance with no deviations observed across all examined regulations. The table of deviations shows "NIL" entries with no fines, violations, or actions required.

Specific Compliance Areas Verified

  • Secretarial Standards: Complied with applicable standards issued by ICSI
  • Policy Adoption: All SEBI-mandated policies adopted by Board and updated timely
  • Website Maintenance: Functional website with proper disclosure sections and accurate web links
  • Director Disqualification: No directors disqualified under Section 164 of Companies Act, 2013
  • Subsidiary Compliance: Proper identification and disclosure of material subsidiary requirements
  • Document Preservation: Records maintained as per SEBI regulations and archival policy
  • Performance Evaluation: Conducted for Board, Independent Directors, and Committees
  • Related Party Transactions: Prior Audit Committee approval obtained for all transactions
  • Event Disclosures: All Regulation 30 disclosures made adhering to materiality criteria and timelines
  • Insider Trading Compliance: Adherence to Regulation 3(5) & 3(6) of PIT Regulations

Regulatory Actions

No actions have been taken by SEBI or Stock Exchanges against the company, its promoters, directors, or subsidiaries during the review period.

Auditor Status

No resignation of statutory auditors from the listed entity or its material subsidiaries during the financial year.

Additional Notes

The report includes standard assumptions and limitations stating that compliance responsibility lies with management, and the review is neither an audit nor expression of opinion on financial records.