RHI Magnesita India Limited has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, audited by M/s Naresh Verma & Associates, confirms the company’s commitment to corporate governance and regulatory standards. The audit process validated the company’s adherence to all applicable board, website, and policy-related requirements, ensuring complete transparency and compliance for the review period.
Commitment to Corporate Governance
RHI Magnesita India Limited has completed its annual audit process regarding corporate compliance for the financial year concluded on March 31, 2026. This comprehensive review serves as a testament to the company’s robust internal controls and adherence to best practices in operational governance. The report was formally prepared and issued by the independent firm M/s Naresh Verma & Associates.
Key Audit Findings
The secretarial audit covered several critical areas of business operations, confirming that the company has maintained functional and up-to-date documentation on its official website. Key highlights from the audit include:
- Policy Adherence: All corporate policies are in full conformity with regulatory standards and have received timely approval from the Board of Directors.
- Related Party Transactions: The audit verified that all related party transactions were conducted with prior approval from the audit committee.
- Governance Standards: The company successfully met all requirements regarding the performance evaluation of its board, independent directors, and internal committees.
- Operational Transparency: No actions were taken against the company, its promoters, or its directors by regulatory or market authorities during the review period.
Conclusion
The audit confirms that RHI Magnesita India Limited has operated in total compliance with the required standards for the 2025-2026 financial year. With no reportable adverse observations or non-compliance issues identified, the report underscores the company’s stable and transparent management framework.
Source: BSE
