The Institute Of Company Secretary of India (ICSI) has notified the revised format of Annual Secretarial Compliance Report in 2025.

Conducted by an independent Practicing Company Secretary (PCS), the audit covered compliance across multiple regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and various other capital market laws.

According to the report, the listed entity demonstrated full or substantial compliance in critical areas such as:

  • Adoption and Timely Updating of Policies: All required policies were adopted and reviewed in line with SEBI’s evolving guidelines.
  • Website Maintenance: The company maintained an accurate and updated website, ensuring easy access to regulatory disclosures.
  • Director Qualifications: None of the company’s directors were found to be disqualified under Section 164 of the Companies Act, 2013.
  • Subsidiary Oversight: Proper identification and disclosure of material subsidiaries were verified.
  • Record Preservation: The entity maintained documentation as per SEBI mandates.
  • Performance Evaluation: Timely performance reviews of the Board and its committees were completed.
  • Related Party Transactions: All such transactions were approved by the Audit Committee as required.
  • Insider Trading Regulations: The entity adhered to norms under the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The PCS noted no significant deviations from the prescribed regulatory framework. Where minor observations were made, the company responded appropriately and implemented necessary corrective actions. Furthermore, there were no actions taken by SEBI or Stock Exchanges against the company, its directors, or subsidiaries during the review period.

The report reaffirms the entity’s ongoing commitment to high standards of corporate governance and regulatory transparency.

Read More: No Service Tax on Land Use Conversion Charges Paid to RIICO, Refund Allowed: CESTAT

Mariya Paliwala
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