ATN International Limited has appointed Ms. Shivangi Agarwal as its Company Secretary and Compliance Officer effective June 22, 2026. The appointment strengthens the company's compliance framework under the Companies Act, 2013, and SEBI Listing Regulations.

The Board of Directors approved the appointment based on the recommendations of the Nomination and Remuneration Committee. The intimation was submitted to the National Stock Exchange of India Ltd, BSE Limited, and The Calcutta Stock Exchange Ltd under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Shivangi Agarwal is a qualified Company Secretary and a law graduate. She brings experience in heading compliance functions related to the corporate sector, including the Companies Act, 2013, and Listing Regulations.

Details of Appointment

ATN International Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, revealing multiple instances of non-compliance with SEBI regulations. The report, issued by Ankita Goenka & Associates, highlights delays in statutory filings and lapses in information disclosure to the stock exchanges. The company is currently addressing these gaps, including the vacancy in the position of Compliance Officer following the death of the previous incumbent.

Compliance Gaps and Delays

The audit identified significant delays in the submission of financial and governance documents. Specifically, the company delayed the submission of the Related Party Transactions (RPT) disclosure for the half year ended September 30, 2025, under Regulation 23(9) of the SEBI (LODR) Regulations, 2015. Furthermore, the Integrated Filing - Governance Financial (XBRL) for the quarter ended March 31, 2026, has not yet been submitted. The company attributed these delays to unintentional oversights and stated it is in the process of filing the necessary documents.

Insider Trading and Disclosure Lapses

ATN International failed to comply with the requirement of trading window closure for the quarter ended June 30, 2025, in connection with the approval of financial results, which constitutes a non-compliance under SEBI (Prohibition of Insider Trading) Regulations, 2015. Additionally, the company did not disclose the death of Shri Amitava Das, Company Secretary, on December 6, 2025, to the exchange within the stipulated 24 hours as required by Regulation 30 of SEBI (LODR) Regulations, 2015.

Governance and Website Updates

The report noted that the company's website requires updates to ensure timely dissemination of information. While the company maintains a functional website, the audit observed that web-links provided in annual corporate governance reports need to be accurate and specific. The company has represented that it is taking the required steps to update the website. The audit also pointed out that the performance evaluation of the Board and Committees was not conducted during the review period, though the company is currently in the process of doing so.

Regulatory Actions and Penalties

The Calcutta Stock Exchange (CSE) levied various penalties on the company under several regulations, including 29(3)(a), 29(2)(b), 29(2)(a), 27(2), and 31b. The National Stock Exchange (NSE) also sought clarification regarding the vacancy in the Compliance Officer position and the Reconciliation of Share Capital Audit Report (RSCA) filed for the quarters ended December 31, 2025, and March 31, 2026. The company indicated that it is preparing its response to these queries.

Director and Auditor Status

The report confirmed that no directors are disqualified under Section 164 of the Companies Act, 2013. However, it was noted that three Independent Directors—Shri Shyam Sundar Chatterjee, Shri Bikash Adhikary, and Shri Rohit Sahu—have not registered themselves with the Databank of Independent Directors maintained by the Indian Institute of Corporate Affairs. Additionally, the DIN of Krishna Banerjee was found to be deactivated as per MCA records. The statutory auditor did not resign during the period, and no disclaimer was present in the audit report regarding non-receipt of information.