SG Mart Ltd — Updates, 30-05-2025: Company Update

SG Mart Limited has announced its Annual Secretarial Compliance Report for the financial year ended March 31, 2025. The report confirms overall compliance with applicable SEBI regulations and timely updates of policies, disclosures, and board committee compositions. During the period, the company incorporated a wholly owned subsidiary, SG Super 101 Private Limited. The statutory auditors resigned effective mid-April 2024, with appropriate compliance followed. One non-compliance involved a delayed update in the Nomination and Remuneration Committee's composition for June 2024, resulting in a ₹35,400 fine by BSE under standard procedures. The company disputes the penalty, attributing it to an inadvertent clerical error and is engaging with BSE for resolution. No further penalties or actions were noted. The firm continues to uphold governance standards and regulatory adherence.