M K Proteins Limited — Important, 14-11-2024: Updates

The Board of M.K. Proteins has addressed a fine from the Exchange due to non-compliance with Regulation 43A regarding the Dividend Distribution Policy. Although the company was previously in the top 1000 listed entities and formulated a policy which was disclosed on its website and in its annual report for FY 2022-23, it has since fallen out of this bracket as of March 31, 2024. Consequently, the requirement to disclose the Dividend Distribution Policy in the FY 2023-24 Annual Report no longer applied. The Board has confirmed that the policy remains available on the company’s website and has resolved to contest the fine, emphasizing their commitment to compliance. Stakeholders should monitor developments regarding this situation, as it could have implications for the company's regulatory standing and reputation.