CIE Automotive India Limited has submitted its Annual Secretarial Compliance Report for the financial year ended December 31, 2025, to the stock exchanges. The report, issued by M/S SVD & Associates, confirms the company’s compliance with various statutory provisions and adherence to good corporate practices throughout the review period, concluding that no material non-compliances were observed.
Filing of Annual Secretarial Compliance Report
CIE Automotive India Limited has formally submitted its Annual Secretarial Compliance Report (ASCR) for the financial year that concluded on December 31, 2025. This submission was made to the BSE Limited and the National Stock Exchange of India Limited on February 23, 2026, pursuant to applicable listing regulations.
Review and Auditor Opinion
The review was conducted by M/S SVD & Associates, Company Secretaries. Their examination covered the entity’s books, filings, website disclosures, and management representations to establish adherence to statutory provisions and good corporate governance. The auditors stated that their review provided a reasonable basis for evaluating corporate conduct.
Key Compliance Status
Based on the examination covering the review period, the report confirms general compliance across several critical areas:
Secretarial and Policy Compliance
- The entity confirmed compliance with applicable Secretarial Standards (SS) issued by the ICSI.
- All applicable policies under SEBI Regulations were adopted with Board approval and were reviewed and updated in conformity with circulars and guidelines issued by SEBI.
Website Maintenance and Disclosures
- The listed entity maintains a functional website.
- Dissemination of documents and information was conducted in a timely manner under a dedicated section.
- Web-links provided in annual corporate governance reports were confirmed to be accurate and specific.
Specific Statutory Requirements
The report indicates full compliance across several key regulations, with the following specific confirmations:
- The entity confirmed that no Director was disqualified under Section 164 of the Companies Act, 2013.
- Compliance was confirmed regarding the preservation and maintenance of records as prescribed under SEBI Regulations.
- The entity confirmed conducting performance evaluations for the Board, Independent Directors, and Committees at the start of the financial year.
- Regarding Related Party Transactions, the entity ensured prior Audit Committee approval for all such dealings.
- The entity confirmed compliance with regulations concerning the Prohibition of Insider Trading (Regulations 3(5) & 3(6)).
Absence of Deviations and Actions
A crucial finding of the report is the absence of noted deviations:
- In the section detailing specific deviations from Regulations and Circulars, the finding for the review period was ‘NIL’.
- Similarly, the section tracking actions taken to comply with observations from the previous year’s report (FY ended December 31, 2024) also showed ‘NIL’ observations.
- The report confirmed that no actions were taken against the listed entity or its promoters/directors by SEBI or Stock Exchanges during the period.
- Concerning statutory auditors, the report noted no resignation of auditors from the listed entity or its material subsidiaries during the review period.
Employee Benefit Scheme Disclosure
Regarding Employee Benefit Schemes, the auditors noted that the listed entity does not have a Share Based Employee Benefit Scheme in terms of the relevant 2021 Regulations during the review period, rendering those specific disclosure points inapplicable.
The Practicing Company Secretary, Pankaj V. Goyal, certified the submission, and the report concludes with the acknowledgment that no additional non-compliances were observed beyond those detailed.
Source: BSE
