Master Chemicals Limited has not paid its Annual Custody Fees to the Bombay Stock Exchange for the past three years, with no effective steps taken to address this.

The company’s earlier Company Secretary resigned in September 2022 and a replacement has yet to be appointed despite ongoing efforts.

No material regulatory actions or auditor resignations were reported during the year.

These compliance gaps, particularly around key personnel and regulatory fees, could impact operational governance and shareholder confidence until resolved.