Kamdhenu Ventures Limited has filed a waiver application with the National Stock Exchange (NSE) seeking to set aside a penalty imposed for a regulatory lapse regarding the appointment of a Compliance Officer. The NSE issued a notice on May 20, 2026, fining the company for failing to appoint a qualified Company Secretary as Compliance Officer pursuant to Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The non-compliance spanned the period ended March 31, 2026, arising after the previous Compliance Officer resigned effective October 15, 2025.

The Board of Directors, meeting on May 26, 2026, reviewed the circumstances leading to the vacancy. Management informed the Board that despite a rigorous selection process, shortlisted candidates either did not join or withdrew at the final stage. Evidence of employment offers and subsequent withdrawal communications was presented to the Board to substantiate the hiring difficulties.

Appointment and Compliance Status

To address the regulatory gap, the company appointed a qualified Company Secretary as Compliance Officer with effect from April 1, 2026. This appointment brings the company into compliance with the requirements of Regulation 6 of the SEBI LODR Regulations. The Board acknowledged that the delay was due to genuine reasons, specifically the non-availability of suitable candidates during the specified period.

Waiver Application and Disclosures

Following the review, the Board resolved to submit a waiver application to the NSE. The request asks that the exchange waive the imposed fine, citing the bona-fide reasons for the delay in appointment. Additionally, the company confirmed it has forwarded the NSE notice to all promoters, along with an explanation of the non-compliance, as directed by the exchange.

Kamdhenu Ventures Limited has appointed M/s Kirtane & Pandit LLP as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment on May 26, 2026, based on the recommendation of the Audit Committee. This decision ensures the company's internal audit processes are overseen by a statutory auditor for the upcoming fiscal year.

M/s Kirtane & Pandit LLP, Chartered Accountants, will conduct the internal audit functions for Kamdhenu Ventures Limited. The firm holds a Firm Registration Number (FRN) of 105215W/W100057. The appointment is effective from May 26, 2026, and covers the financial year 2026-27.

The firm is a leading professional services entity in India, led by 36 partners and supported by a staff strength of over 1,200 members. M/s Kirtane & Pandit LLP offers a wide range of services, including statutory and internal audits, tax advisory, forensic audits, and risk management. Its client base includes over 700 companies across manufacturing, service, banking, and insurance sectors.

There are no relationships between the directors of Kamdhenu Ventures Limited and the appointed internal auditor that require disclosure. The company has submitted the necessary disclosures to the stock exchanges in compliance with SEBI Master Circular no. SEBI/ HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026.

Appointment Details