Shivalik Bimetal Controls Reports Annual Compliance Status for FY 2026
Shivalik Bimetal Controls Limited released its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The report details the company's adherence to various corporate governance standards and regulatory requirements during the period.The report was submitted on May 18, 2026, and was examined by Rajni Miglani, Proprietor of M/s. R Miglani & Co, Practicing Company Secretary.
Compliance Overview
The Annual Secretarial Compliance Report provides an assessment of the listed entity’s adherence to best practices in corporate governance and disclosure. Based on the review, the company confirmed its compliance across several critical areas, certifying that the listed entity maintained operational standards throughout the period.A review of compliance status highlighted positive confirmations in key areas, including:
- Corporate Governance: The company confirmed that it complied with the applicable Secretarial Standards (SS).
- Policy Adherence: All applicable policies are adopted, in conformity with relevant guidelines, and were reviewed and updated on time.
- Director Status: It was confirmed that none of the Directors were disqualified under the Companies Act, 2013.
- Information Disclosure: The listed entity provided all required disclosures regarding events and information within the stipulated time limits.
Status of Specific Requirements
The report summarized the compliance status for 13 critical areas. The findings indicate a consistent status of compliance across the board, with specific confirmations detailed below:| Particulars | Compliance Status | Observations |
|---|---|---|
| Secretarial Standards (SS) | Yes | Compliant |
| Adoption and timely updation of Policies | Yes | Policies are adopted and reviewed as required. |
| Maintenance and disclosures on Website | Yes | The website is functional and maintains timely dissemination of information. |
| Disqualification of Director | Yes | No director was found to be disqualified. |
| Details related to Subsidiaries | Yes | Examination confirmed compliance regarding material and other subsidiaries. |
| Preservation of Documents | Yes | Records are preserved and maintained as prescribed. |
| Performance Evaluation | Yes | Performance evaluation was conducted as prescribed. |
| Related Party Transactions | Yes | No such transactions were recorded during the review period. |
| Disclosure of events or information | Yes | Required disclosures were provided within time limits. |
| Prohibition of Insider Trading | Yes | The listed entity maintained compliance. |
| Action by SEBI or Stock Exchange | Yes | No such event was recorded. |
| Additional non-compliances | N.A. | No additional non-compliance was observed. |
Management Response and Assurance
The report also noted that the listed entity confirmed the compliance status in several technical areas, including:- Document Preservation: The company reported adherence to the procedures for preserving and disposing of records.
- Performance Evaluation: The report confirmed that performance evaluation of the Board, Independent Directors, and Committees was conducted at the start of or during the financial year.
The report concludes by confirming that there were no instances of non-compliance or any discrepancies concerning compliance requirements for the financial year ending March 31, 2026.
SBCL Stock Price Movement
Today, Shivalik Bimetal Controls Limited shares edged higher to close at ₹601.75, marking an intraday gain of 0.08%. The stock saw significant activity, trading a total volume of 155,381 shares today.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: