Castrol India Limited has finalized its Annual Secretarial Compliance Report for the year ended December 31, 2025. The report, certified by Parikh & Associates, confirms the company’s comprehensive compliance across major regulatory frameworks governing listed entities. Key findings indicate full adherence to Secretarial Standards (ICSI) and timely adoption/updation of mandatory policies. The company confirmed it had no material subsidiaries and no statutory auditor resignations during the review period.
Confirmation of Annual Compliance Status
Castrol India Limited has publicly disclosed its Annual Secretarial Compliance Report, detailing adherence to mandatory corporate governance and securities regulations for the year ending December 31, 2025. The report confirms that the company has met the requirements for disclosure and compliance throughout the review period, as examined by the Practicing Company Secretary, P. N. Parikh of Parikh & Associates.
Key Areas of Full Compliance
The review covered extensive regulations concerning listing obligations, disclosure requirements, and securities contracts. The compliance status across several crucial parameters was rated ‘Yes’:
- Secretarial Standards: Compliances were found to be in accordance with the applicable standards issued by the Institute of Company Secretaries India (ICSI).
- Policy Management: All applicable policies under relevant regulations were adopted with Board approval and timely updated according to new guidelines.
- Website Maintenance: The company maintained a functional website, ensuring timely dissemination of documents and accurate web-links in annual reports.
- Director Disqualification: Confirmation was provided that none of the Directors were disqualified under Section 164 of the Companies Act, 2013.
- Document Preservation: Records were preserved and maintained as prescribed under relevant regulations, adhering to the established archival policy.
- Insider Trading: The company confirmed compliance with applicable provisions concerning Prohibition of Insider Trading.
Specific Observations and Non-Applicability
Several requirements were noted as not applicable or confirmed with specific positive outcomes:
- Subsidiaries: The company reported that it did not have a subsidiary during the year under review, making compliance related to material subsidiary disclosure ‘NA’.
- Statutory Auditors: There was no resignation of statutory auditors from the company or its material subsidiaries during the financial year.
- Employee Benefit Schemes: The company confirmed it had no Employee Benefit Scheme presently approved, rendering certain disclosure requirements inapplicable (‘NA’).
Noted Compliance Exception
The only noted compliance exception involved a filing discrepancy under Regulation 30(4) of SEBI LODR:
- XBRL Filings: The company faced instances where the XBRL filing exceeded the prescribed time limits, although subsequent compliance (submission within 24 hours of the Outcome of Board Meeting) was achieved for events on 12.08.2025 and 05.09.2025, respectively. The management assured they would ensure future adherence to the statutory timelines for submissions.
Concluding Remarks
The report emphasizes that the review was based on documents furnished by the management and does not constitute an audit. The final certification, dated 03.02.2026, confirms the overall satisfactory compliance status for the period under review.
Source: BSE
