Anand Projects Limited, a public limited entity engaged in infrastructure and power sector-related operations, has formally submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2025, to the Bombay Stock Exchange (BSE) under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The communication dated May 30, 2025, addressed to the Corporate Relation Department, BSE, was signed by Mr. Neeraj Khari, the Company Secretary and Compliance Officer of the company. The report, issued by Mr. Amit Kansal, a Practicing Company Secretary (FCS-8914, C.P. No. 10283), confirms that Anand Projects Limited maintained full adherence to the applicable SEBI regulations throughout FY25, without any regulatory deviations or actions taken.

Overview of Compliance Reporting

In accordance with SEBI Regulation 24A, all listed entities are mandated to undertake a secretarial audit from an independent practicing company secretary and submit an Annual Secretarial Compliance Report to the stock exchange within 60 days from the end of the financial year. This regulatory requirement ensures that listed companies remain aligned with the applicable laws, rules, and circulars issued by SEBI.

The secretarial audit process for Anand Projects Limited included the examination of the following:

• Corporate documents and records provided by the company

• Disclosures and filings made to the BSE Limited

• Company website and additional relevant regulatory submissions

• Provisions under SEBI Act, 1992, SCRA, 1956, and multiple SEBI regulations

Key SEBI Regulations Covered in the Audit

The report confirms compliance under the following SEBI Regulations:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

• SEBI (Buyback of Securities) Regulations, 2018 (Not applicable for FY25)

• SEBI (Prohibition of Insider Trading) Regulations, 2015

• SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993

• SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (Not applicable)

• SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (Not applicable)

• SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 (Not applicable)

The report explicitly notes that no deviations or non-compliances were identified under any applicable regulation.

Specific Observations from the Secretarial Auditor

The auditor, Mr. Amit Kansal, noted that:

• No compliance breaches or regulatory penalties were reported during the period under review.

• All statutory records and regulatory filings were accurately maintained and submitted in a timely manner.

• There were no actions taken against the company or its promoters/directors/subsidiaries by SEBI or BSE during FY25.

• The website of the company is fully functional, and disclosures under Regulation 30 were provided within stipulated timelines.

Comprehensive Policy Adherence

The audit also reviewed the internal governance structure of Anand Projects Limited, confirming the following:

• All relevant company policies have been adopted and reviewed in accordance with SEBI’s directives.

• The company maintains proper documentation regarding preservation and archival of records.

• There is no disqualification of directors under Section 164 of the Companies Act, 2013.

• The performance evaluation of the Board and its committees was conducted as per prescribed norms.

• Related Party Transactions (RPTs) were appropriately reviewed and approved by the Audit Committee.

• The company complied with Insider Trading Regulations, specifically Regulation 3(5) and 3(6).

Past Observations and Actions Taken

The report includes a section detailing the observations from previous years’ audits and confirms that there were:

• No unresolved past observations

• No regulatory actions initiated or pending against the company

• All previous audit findings have either been addressed or were not applicable

Assumptions, Limitations, and Scope of the Audit

The auditor emphasized the following:

• The compliance verification is based on a random test basis and not a comprehensive audit of financials.

• The report is not an opinion on the financial position or operational effectiveness of the company.

• The auditor’s responsibility is limited to certifying compliance with SEBI LODR and other relevant regulations based on the documents furnished.

Conclusion

The Secretarial Compliance Report for FY25 concludes that Anand Projects Limited has effectively complied with all relevant SEBI Regulations, circulars, and guidelines applicable during the financial year. There were no regulatory breaches, no legal actions, and no observations requiring corrective actions for the period under review.

The company has demonstrated a strong compliance culture and governance structure. Its continued commitment to transparency and adherence to statutory norms reflects positively on its management’s regulatory discipline.

This annual filing is available on the company’s website and has been officially submitted to the Bombay Stock Exchange for public record and investor scrutiny.

Summary:

Anand Projects Limited has successfully met all regulatory obligations under SEBI’s compliance framework for FY25. The absence of any negative observations or compliance gaps is a strong indicator of the company’s governance and operational discipline. This consistent compliance is likely to reinforce stakeholder confidence and enhance the company’s standing in the capital markets.

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