Sunflag Iron & Steel received notices from BSE & NSE regarding a fine for delaying its FY25 Secretarial Compliance Report.

The company explained the delay resulted from the Practicing Company Secretary's resignation on the report's submission deadline.

The Board acknowledged the circumstances and the company's prompt efforts to file the report post-resignation.

While deeming the non-compliance largely beyond their control, the Board emphasized the need for increased future vigilance.

This signals a focus on strengthening internal compliance procedures to mitigate similar risks going forward.