MTAR Technologies Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, prepared by S.S. Reddy & Associates, confirms the company’s adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While generally compliant, the report notes a minor delay in submitting XBRL filings for related party transactions. The company has taken steps to rectify and prevent future occurrences, assuring ongoing compliance with regulatory mandates.
Annual Secretarial Compliance Report Filed for FY 2025-26
MTAR Technologies Limited has officially submitted its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. This comprehensive report, audited by S.S. Reddy & Associates, Practicing Company Secretaries, assesses the company’s compliance with various SEBI regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Findings and Compliance Status
The report indicates that MTAR Technologies Limited has largely complied with the stipulated regulations. However, a specific observation was made regarding a one-day delay in the submission of XBRL filings for related party transactions for the half-year ended September 30, 2025. This delay, though minor, was noted and explained as an outcome of technical errors and the simultaneous submission of integrated financials along with the XBRL report.
Corrective Actions and Future Prevention
In response to the observed delay, the company has assured that corrective measures are in place. The Practicing Company Secretary’s remarks highlight that the company has taken technical precautions to avoid future delays in filing related party disclosures. Furthermore, instances of insider trading violations, specifically regarding the disgorgement of profits from contra trades, were also detailed. The company confirmed that the designated persons have remitted the profits as directed by SEBI and the stock exchanges, with a strict warning issued against future non-compliance.
Website and Policy Compliance
The report also addresses other compliance areas, confirming that MTAR Technologies Limited maintains a functional website with timely dissemination of information. All applicable policies are in conformity with SEBI Regulations, duly adopted by the board of directors and reviewed periodically. The company also confirmed compliance with Secretarial Standards (SS) issued by ICSI and has not had any instances of director disqualification or issues with material subsidiary identification.
Document Preservation and Performance Evaluation
MTAR Technologies Limited is reported to be preserving and maintaining records as per SEBI Regulations. The company has also conducted performance evaluations for its board, independent directors, and committees as prescribed. There were no reported actions taken by SEBI or Stock Exchanges against the listed entity or its promoters/directors/subsidiaries during the review period, apart from the specific instances of insider trading violations already addressed.
Assumptions and Limitations
The report clarifies that the compliance of applicable laws and the authenticity of furnished information are the responsibilities of the management of MTAR Technologies Limited. The Practicing Company Secretary’s role was to report based on the examination of relevant documents and information, not to conduct an audit or provide an expression of opinion on the financial records. This report serves the sole purpose of compliance with Regulation 24A of the SEBI (LODR) Regulations, 2015.
The report is dated May 26, 2026.
Source: BSE
