Gem Spinners India Ltd — Updates, 30-05-2025: Company Update

GEM Spinners India Limited’s secretarial compliance report for FY 2024-25 highlights several regulatory lapses despite maintaining proper records overall. The company failed to file certain disclosures and financial results on time, including delayed submission of shareholding patterns and related party transaction reports, attracting fines which have been paid. It continues to hold 100% promoter shareholding in dematerialized form without compliance. The board lacks a woman director following expirations, with no appointments yet. While the company maintains a website, it is not regularly updated. No director disqualifications or auditor resignations were reported. Management is taking steps to address these gaps.