OBSC Perfection Limited Completes Secretarial Compliance Report for FY 2025-26
OBSC Perfection Limited, formerly OBSC Perfection Private Limited, released its Secretarial Compliance Report covering the financial year ended March 31, 2026. The report, issued by Nitin Bhatia & Co., Practicing Company Secretaries, details the company's adherence to applicable regulatory provisions during the review period.The compliance examination covered several key areas, including the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report found that while the company generally maintained compliance with certain governance standards, deviations were noted in financial reporting and board composition.
Key Areas of Non-Compliance
The report highlighted three primary areas where the listed entity did not fully comply with specified requirements:| Serial Number | Requirement Area | Deviation Details | Fine/Imposition |
|---|---|---|---|
| 1 | Submission of Financial Results | Non-submission of the unaudited financial results for the quarter ended December 31, 2025, within the prescribed timeline. | 1,71,100 /- (Imposed by NSE for non-submission) |
| 2 | Board Composition | The company had only three Independent Directors on its Board, failing to meet the requirement that at least 50% of the Board must comprise Independent Directors when the Chairperson is a promoter. | None |
| 3 | Structured Digital Database (SDD) | Although the company maintained the SDD, requisite entries related to sharing and communication of Unpublished Price Sensitive Information (UPSI) were not updated timely in the system. | None |
Regarding the deviation in board composition, the company management responded that it is in the process of appointing the requisite number of Independent Directors. The report noted that as of May 27, 2026, the company achieved compliance with Regulation 17(1)(b) of the SEBI (LODR) Regulations, 2015, following the appointment of Mr. Mohit Bhardwaj as a Non-Executive Independent Director.
Compliances and Governance Status
In contrast to the deviations, the report confirmed compliance in several other areas:- Corporate Policies: The company confirmed that all applicable policies under SEBI Regulations are adopted and updated in conformity with regulatory guidelines.
- Director Status: No director of the listed entity was found to be disqualified under Section 164 of the Companies Act, 2013.
- Website Maintenance: The listed entity was found to be maintaining a functional website and ensuring the timely dissemination of required information.
- Subsidiaries: The company reported having no subsidiaries during the year under review.
- Related Party Transactions: Compliance was confirmed regarding the prior approval required for all related party transactions.
The Secretarial Compliance Report confirmed that the company's internal policies are generally adopted and maintained in accordance with applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries of India (ICSI).
OBSCP Stock Price Movement
Shares of OBSC Perfection Limited today slipped by 2.46% to settle at ₹459.85. The stock saw trading activity at a volume of 61,600 shares.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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