SBEC Systems India Ltd — Updates, 30-05-2025: Company Update

SBEC Systems (India) Limited has announced the annual secretarial compliance report for the year ended March 31, 2025, confirming overall adherence to applicable statutory provisions and corporate governance practices. Key highlights include partial dematerialization of promoter shares at 60% due to the dissolution of a foreign promoter entity, with the company pursuing share capital reduction approval. A significant legal development involves a Supreme Court directive requiring the promoters to make a public offer to acquire 26% of SBEC Sugar Limited’s shares, following a takeover dispute. The company is maintaining all required policies, disclosures, and board evaluations timely, with no director disqualifications or auditor resignations reported.