Kanani Industries Limited (CIN: L51900MH1983PLC029598), a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has submitted its Annual Secretarial Compliance Report for the financial year 2024-2025. This report is prepared under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and provides a detailed account of the company’s adherence to various provisions under the SEBI Act, the Securities Contracts (Regulation) Act, 1956 (SCRA), and other associated regulations and circulars.

The report, provided by Deep Shukla and Associates, Company Secretaries in Practice, highlights the company’s compliance status in several key areas:

1. Secretarial Standards Compliance: The company has adhered to all applicable Secretarial Standards as issued by the Institute of Company Secretaries of India (ICSI), ensuring that corporate governance practices are in line with industry standards.

2. Policies Adoption and Timely Updates: The company has consistently adopted and updated policies in compliance with SEBI regulations. These policies have been reviewed regularly and are aligned with the latest regulatory amendments.

3. Website Maintenance: Kanani Industries maintains a functional website, ensuring timely and accurate dissemination of corporate information. The website is also compliant with the regulatory requirements for disclosures, as outlined in the SEBI Listing Regulations.

4. Disqualification of Directors: The report confirms that none of the directors of the company are disqualified under Section 164 of the Companies Act, 2013.

5. Preservation of Documents: The company is in compliance with the policy for preserving and archiving documents as mandated by the SEBI regulations, ensuring the proper disposal of documents after the prescribed retention period.

6. Performance Evaluation: The company has conducted a performance evaluation for its Board, Independent Directors, and Committees, fulfilling the SEBI regulations for annual performance assessments.

7. Related Party Transactions: Kanani Industries has secured the required approval from the Audit Committee for all related party transactions, adhering to the regulatory requirements under the Listing Regulations.

8. Insider Trading Compliance: The company is fully compliant with the SEBI (Prohibition of Insider Trading) Regulations, 2015, ensuring that no insider trading violations occurred during the review period.

However, the report also mentions several minor pending clarifications that the company needs to address, including the submission of audit reports and the integration of financial filings for specific periods. Despite these pending actions, the company has taken steps to address them and communicated with the respective stock exchanges.

In conclusion, Kanani Industries Limited’s Annual Secretarial Compliance Report for the year ended March 31, 2025, reflects its commitment to transparency and adherence to corporate governance norms. While the company has experienced minor delays in filing certain documents, it remains largely compliant with all the necessary regulations set forth by SEBI, BSE, and NSE. The company continues to work on ensuring timely submissions and addressing pending clarifications in accordance with regulatory requirements.

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