Insecticides (India) Limited Completes Annual Secretarial Compliance Review for FY2026
Insecticides (India) Limited has released its Annual Secretarial Compliance Report covering the financial year ended March 31, 2026. The report details the company's adherence to key regulatory frameworks, including the Securities and Exchange Board of India Act, 1992, and the Securities Contracts (Regulation) Act, 1956.The report, prepared by Akash Gupta & Associates, covered compliance with several specific regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Review of Promoter Group Activity
The review highlighted a significant transaction concerning the promoter group. During the audit period, the Promoter Group planned an inter-se transfer of shares as part of a family arrangement.The acquirers sought exemption from the obligation to make an open offer. SEBI granted this exemption via an order dated December 02, 2025. The acquirers subsequently confirmed compliance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, through a letter dated February 10, 2026.
Compliance Status and Observations
The report provided detailed status checks across various regulatory areas.In a review of compliance actions taken by the listed entity, one observation was noted regarding a Buy-Back of Securities. The Company violated Reg 42(4) of SEBI (LODR), 2015, by deciding the record date for the Buy-Back on September 11, 2024, which was within 30 days of the previous record date of August 23, 2024.
The listed entity addressed this violation by paying the penalty of Rs. 10,000 plus GST each, levied by the Stock Exchanges. The non-conformity was also communicated to investors via a Public Announcement dated September 21, 2024.
Status of Corporate Governance and Compliance
The report confirmed compliance status across multiple mandatory areas, as detailed below:| Particulars | Compliance Status | Observations |
|---|---|---|
| Secretarial Standards | In accordance with applicable Secretarial Standards (SS) | Not Any |
| Adoption and timely updation of Policies | In conformity with SEBI Regulations | Not Any |
| Maintenance and disclosures on Website | Timely dissemination of information | Not Any |
| Disqualification of Director | None of the Director(s) are disqualified | Yes |
| Material Subsidiary Identification | No material subsidiary companies identified | (@) No material subsidiary companies have been identified |
| Preservation of Documents | Records maintained as prescribed under SEBI Regulations | Yes |
| Performance Evaluation | Conducted performance evaluation of the Board and Committees | Yes |
| Related Party Transactions | Obtained prior approval of Audit Committee | Yes |
| Disclosure of events or information | Provided all required disclosure(s) under Regulation 30 | Yes |
| Prohibition of Insider Trading | In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 | Yes |
| Actions taken by SEBI or Stock Exchange(s) | No action(s) taken against the listed entity | Yes |
| Additional Non-compliances | No additional non-compliance observed | Yes |
The report confirmed that the Company has duly complied with the applicable regulatory requirements, including adherence to the conditions stipulated under the exemption order received from SEBI regarding the promoter group's share transfers.
INSECTICID Stock Price Movement
On Wednesday, Insecticides (India) Limited shares edged higher to close at ₹765.1, achieving a gain of 1.89% for the session. The stock traded on solid volume of 44,113 shares, finding support throughout the day between a low of ₹750 and a high of ₹775.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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