ALPHA TRIBE

National Fittings LtdUpdates, 03-06-2025: Company Update

03-06-2025 | 04:33 pm

National Fittings Limited has complied with most statutory and corporate governance requirements during the financial year, with minor lapses including late submission of the Annual Report and Secretarial Compliance Report, resulting in fines of Rs. 9,440 and Rs. 4,720 respectively. There was delayed disclosure of general meeting proceedings and certain board meeting outcomes, but no fines were levied for these delays. Noncompliance was noted in the constitution of the Nomination and Remuneration Committee due to chairmanship changes, attracting a fine of Rs. 1,84,000, for which the company has sought reduction. No auditor resignations or related concerns were reported. Overall, the company maintains a functional website, timely updates policies, and ensures compliance with insider trading and related party transaction norms.

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