Associated Ceramics Limited has redeemed its 10% preference shares in two tranches, paying Rs. 6,000 each for a total of Rs. 4.71 Cr across all shares.

The company filed the required regulatory form late for the first tranche, leading to a fine, while the filing for the second tranche is still pending.

During the year, the company faced penalties totaling Rs. 2.38 lakh plus GST for delays in appointing an Independent Director following a director’s death, which have been paid.

Other compliance aspects, including related party transactions and disclosures, were maintained satisfactorily.