GG Automotive Gears Ltd — Important, 25-05-2026: Company Update

G.G. Automotive Gears Limited's Annual Secretarial Compliance Report for the financial year ended March 31, 2026, revealed several issues. The company initially did not comply with board composition rules, resulting in a BSE penalty of INR 3,06,800. The company has since appointed the required independent director and challenged this penalty. Additionally, 245,732 promoter equity shares, representing 6.41% of total promoter holding, are yet to be dematerialized. A four-day delay also occurred in notifying the stock exchange about the penalty levy. These findings highlight areas for improved compliance.