Nivaka Fashions Ltd — Updates, 29-05-2025: Company Update

Nivaka Fashions Limited has submitted its Annual Secretarial Compliance Report confirming overall adherence to statutory and corporate governance norms during the year, with some prior lapses addressed. The company resolved delays in appointing a qualified company secretary, compliance with related party disclosures, and timely financial result filings, after which penalties were waived by the exchange. Improvements in website maintenance and disclosures have been made, and no director disqualifications or regulatory actions are ongoing. The board has acknowledged these compliance updates, reflecting strengthened governance and regulatory alignment beneficial for investor confidence.