PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED has officially submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, prepared by M/s. DM & Associates Company Secretaries LLP, confirms the company’s adherence to various SEBI regulations. While generally compliant, minor deviations were noted regarding the timely dissemination of investor meeting intimations and the submission of the revised shareholding pattern, both of which have been addressed by the company.
Annual Secretarial Compliance Report Submitted
PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED has fulfilled its regulatory obligations by filing the Annual Secretarial Compliance Report for the financial year that concluded on March 31, 2026. This report, issued by the esteemed firm M/s. DM & Associates Company Secretaries LLP, serves as a testament to the company’s commitment to corporate governance and regulatory adherence.
Key Findings and Compliance Status
The review period covered the compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant acts and regulations. Overall, the listed entity has demonstrated compliance with the majority of the prescribed regulations and circulars. The report indicates that the company has maintained its secretarial standards, adopted and updated its policies in a timely manner, and ensured the proper maintenance and disclosure of information on its website. Furthermore, the company has confirmed the absence of disqualified directors and has maintained records as per SEBI regulations.
Areas for Attention and Remedial Actions
While the overall compliance picture is positive, the report highlighted two specific areas requiring attention:
- Investor Meeting Intimations: The company submitted intimations for investor meetings scheduled on June 4, 2024, and June 13, 2024, one working day prior to the respective meetings. This fell short of the prescribed minimum two working days’ prior notice. The company explained that the confirmations for these meetings were received at short notice. They have since sensitized their teams to adhere to prescribed timelines for future dissemination.
- Revised Shareholding Pattern: There was a pendency in the submission of the revised shareholding pattern as prescribed under Regulation 31(1)(c). This was in relation to the company completing its Qualified Institutional Placement (QIP) issuance, which exceeded 2% of the paid-up capital. The updated shareholding pattern reflecting both pre-QIP and post-QIP positions was uploaded on October 8, 2024, with the stock exchanges.
In both instances, no action or fine has been levied by the Stock Exchanges. The company has taken note of the applicable timeline requirements for future compliance.
Additional Compliance Checks
The report also confirmed the following:
- Disclosure of Events: All required disclosures under Regulation 30 and Schedule III of SEBI LODR Regulations, 2015, were provided within the prescribed time limits.
- Prohibition of Insider Trading: The company is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Actions by SEBI/Stock Exchanges: No actions have been taken against the listed entity, its promoters, directors, or subsidiaries by SEBI or the Stock Exchanges.
- Statutory Auditors: There were no instances of resignation of statutory auditors from the listed entity or its material subsidiaries.
- Non-Compliances: No additional non-compliances were observed beyond those reported.
The company has also been found to be in compliance with the disclosure requirements for Employee Benefit Scheme Documents.
Source: BSE
