Titagarh Rail Systems Limited has successfully completed its annual secretarial audit for the financial year ended March 31, 2026. The independent review conducted by M/s Prateek Kohli & Associates confirms that the company has adhered to all applicable statutory provisions, regulatory requirements, and corporate governance standards. The findings report a fully compliant status with no deviations or non-compliances observed during the review period.
Audit Findings and Compliance Status
Following a thorough examination of corporate records, meeting minutes, and regulatory filings, the secretarial audit for the fiscal year 2025-26 concludes that Titagarh Rail Systems Limited has maintained a high level of governance. The audit confirms that the company is in full compliance with all relevant statutory mandates, including the adoption and timely updating of mandatory policies and the accurate maintenance of its official website.
Corporate Governance Highlights
The review underscored several key areas of administrative health:
- No Adverse Findings: There were no penalties, actions, or observations of non-compliance reported by stock exchanges or market regulators during the 2025-26 period.
- Structured Digital Database: The company continues to maintain a robust, non-tamperable structured digital database to oversee insider trading regulations.
- Performance Evaluation: The Board of Directors, its various committees, and independent directors underwent the required annual performance evaluations as prescribed.
- Subsidiary Updates: It was noted that the company ceased to have its wholly owned foreign subsidiary as of March 27, 2026, and presently operates with one domestic subsidiary and one wholly owned domestic subsidiary.
Strategic Outlook
The report validates the company’s commitment to transparency and stringent regulatory adherence. By ensuring that all disclosures, related party transactions, and material events are managed in accordance with established guidelines, the company reinforces its position of accountability to its stakeholders as it moves forward in the new financial year.
Source: BSE
