Indraprastha Gas Limited has released its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The report confirms that the company has largely adhered to the prescribed governance standards. While the company achieved most compliance requirements, the report notes a delay in meeting board composition mandates during the previous year, resulting in specific monetary fines. The company is also currently in the process of updating its internal policies.
Report Overview
The Annual Secretarial Compliance Report for the fiscal year ended March 31, 2026, highlights the company’s adherence to regulatory standards. The certification, provided by a Practicing Company Secretary, underscores the firm’s ongoing commitment to transparency and corporate governance.
Addressing Board Composition
During the previous reporting period, the company faced challenges regarding the composition of its board of directors. Specifically, there were delays in the appointment of the requisite number of independent directors, which led to monetary fines for the June 2024 quarter (Rs. 3,71,700) and the September 2024 quarter (Rs. 2,71,400). Following the appointment of new independent directors in August 2024, the board composition is now fully aligned with required standards.
Policy Updates
The company maintains a high level of compliance regarding secretarial standards, performance evaluations, and the disclosure of material information. Currently, the organization is in the process of reviewing and updating its Related Party Transactions (RPT) Policy. The company last conducted a comprehensive update of this specific policy on April 29, 2022, and is working to ensure all internal governance documents remain current.
Operational Status
The report confirms that there were no resignations of statutory auditors during the review period. Furthermore, the company continues to maintain a functional website with transparent information dissemination, fulfilling its disclosure obligations. The management remains focused on maintaining high standards of legal and procedural compliance as it moves forward in the new fiscal year.
Source: BSE
