Scintilla Commercial & Credit Ltd — Updates, 23-05-2025: Company Update

Scintilla Commercial & Credit Ltd has submitted its Annual Secretarial Compliance Report confirming adherence to applicable SEBI regulations for the year ended 31st March, 2025. The company maintained all required corporate governance standards, timely updated policies, preserved records properly, and conducted performance evaluations of the Board and committees. No director was disqualified, and related party transactions received prior Audit Committee approval. There were no penalties from SEBI or stock exchanges during the year, though a fine of Rs. 67.06 lakh from previous years imposed by the Calcutta Stock Exchange is under consideration. The former statutory auditor resigned due to preoccupation and was replaced following compliance norms.