Poddar Housing and Development Limited — Important, 22-07-2025: Updates

Poddar Housing's Secretarial Compliance Report for FY24 indicates overall adherence to regulations. However, the company faced significant non-compliances. There were consistent delays in submitting financial results (March, June, Sept 2023, and prior periods), leading to cumulative fines of approximately Rs. 0.37 Cr from BSE & NSE. Consequently, promoter demat accounts were frozen. Additionally, the company's Board and committee compositions were not in line with compliance rules as of March 31, 2024. Investors should monitor how the company addresses these structural and disclosure-related issues.