Audit Scope and Period

M/s RSH and Associates, Peer Reviewed Company Secretaries, conducted the secretarial audit for the financial year ended March 31, 2026. The audit examined compliance with statutory provisions and adherence to good corporate practices.

Regulatory Framework Examined

The audit covered compliance with:

  • The Companies Act, 2013 and rules made thereunder
  • The Securities Contracts (Regulation) Act, 1956 and rules made thereunder
  • The Depositories Act, 1996 and Regulations/Bye-laws framed thereunder
  • Foreign Exchange Management Act, 1999 (limited to FDI, ODI, ECB - not applicable during audit period)
  • SEBI Regulations including:
  • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • SEBI (Prohibition of Insider Trading) Regulations, 1992
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (not applicable)
  • SEBI (Employee Stock Option Scheme) Guidelines, 1999 (not applicable)
  • SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (not applicable)
  • SEBI (Registrars to an Issue) Regulations, 1993 (not applicable)
  • SEBI (Delisting of Equity Shares) Regulations, 2009 (not applicable)
  • SEBI (Buyback of Securities) Regulations, 1998 (not applicable)
  • Secretarial Standards issued by ICSI
  • Listing Agreements with Stock Exchanges

Key Findings

  • The Company has generally complied with provisions of the Act, Rules, Regulations, Guidelines, Standards, etc.
  • No material corporate actions occurred during audit period (mergers, acquisitions, demergers, buybacks, delisting, or significant shifts in promoter/KMP shareholding)
  • No material regulatory or judicial orders issued against the Company
  • Board of Directors duly constituted with proper balance of Executive, Non-Executive and Independent Directors
  • Changes in Board composition carried out in compliance with Companies Act provisions

Board Processes

  • Adequate notice given to all directors for Board Meetings
  • Agenda and detailed notes sent at least seven days in advance
  • System exists for seeking further information and clarifications before meetings
  • Majority decisions carried through with dissenting views captured and recorded in minutes

Compliance Mechanisms

  • Adequate systems and processes commensurate with company size and operations to monitor compliance
  • Board Committees (Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee) met at intervals complying with Companies Act 2013 and SEBI LODR requirements
  • Some procedural discrepancies noted but overall strong compliance maintained

Auditor Qualifications

  • Maintenance of secretarial records is management's responsibility
  • Audit conducted on test basis to ensure correct facts are reflected
  • Examination limited to verification of procedures on test basis
  • Report is not an assurance of future viability or management efficacy

UDIN and Certification

  • Peer Reviewed Certificate: 5475/2024
  • UDIN: F009055H001032528
  • Date: August 6, 2026
  • Place: Delhi