Megastar Foods complies with SEBI LODR Regulations for FY26

Megastar Foods Limited has reported full compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026. The secretarial compliance report, examined by Practicing Company Secretary Kanwaljit Singh Thanewal, confirms that the listed entity adhered to the required regulations and circulars during the review period.

Previous Observations and Remedial Actions

The report details actions taken to address observations from previous periods. Specifically, the company had delayed the submission of the Annual Secretarial Compliance Report for FY 2023-24 by two days. To rectify this, the company paid the SOP fines imposed by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Sr. No.	Observation	Regulation	Violation Details	Remedial Action	PCS Comments
1	Delay in submitting certificate	Regulation 24A of SEBI LODR	2-day delay in FY 2023-24 report submission	SOP Fine imposed by BSE duly paid	Necessary corrective action taken; no subsequent violation
2	Delay in submitting certificate	Regulation 24A of SEBI LODR	2-day delay in FY 2023-24 report submission	SOP Fine imposed by NSE duly paid	Necessary corrective action taken; no subsequent violation

Compliance Status

The review confirmed compliance across various operational and governance areas. The company maintains all applicable policies approved by its Board of Directors and ensures these are updated in line with SEBI guidelines. Its functional website facilitates the timely dissemination of required documents.

Governance and Disclosures

The report verified that no directors are disqualified under Section 164 of the Companies Act, 2013. While the company has no material subsidiaries, it has met disclosure requirements regarding its subsidiaries. Performance evaluations for the Board, Independent Directors, and Committees were conducted as prescribed. Furthermore, all related party transactions were executed with the prior approval of the Audit Committee.

Sr. No.	Particulars	Compliance Status	Observations
1	Secretarial Standards	Yes	Nil
2	Adoption of Policies	Yes	Nil
3	Website Disclosures	Yes	Nil
4	Disqualification of Director	Yes	Nil
5	Subsidiary Details	Yes	No material subsidiaries
6	Preservation of Documents	Yes	Nil

The entity also confirmed compliance with regulations concerning the prohibition of insider trading and the disclosure of events or information under Regulation 30. No actions were taken by SEBI or the stock exchanges against the company, its promoters, or directors during the review period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	+5.89%	+6.31%	+30.09%	+28.67%	+183.48%

Megastar Foods Limited has intimated the stock exchanges about the resignation of Ms. Deepali Chhabra from the position of Company Secretary and Compliance Officer, a Key Managerial Personnel of the company. The disclosure was made pursuant to Regulation 30, read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, vide communication dated May 05, 2026, signed by Vikas Gupta, Whole-time Director.

Key Details of the Resignation

The following details of the change in Key Managerial Personnel have been disclosed as required under Regulation 30 of the SEBI Listing Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024:

Parameter:	Details
Name:	Ms. Deepali Chhabra
Designation:	Company Secretary and Compliance Officer (Key Managerial Personnel)
Reason for Change:	Resignation due to personal reasons
Effective Date of Cessation:	Close of business hours on May 05, 2026
Date of Resignation Letter:	May 05, 2026
Membership No.:	ACS61299

Resignation Communication

Ms. Deepali Chhabra, in her resignation letter addressed to the Board of Directors of Megastar Foods Limited and dated May 05, 2026, stated that she was tendering her resignation from the position of Company Secretary and Compliance Officer with effect from May 05, 2026, owing to personal reasons. She confirmed her commitment to ensuring a smooth handover of all responsibilities, records, and ongoing assignments during the transition period. The resignation was accepted by the HR Department of Megastar Foods Limited, with a note that all dues would be settled as per the company's policy and the terms and conditions of the appointment letter.

Regulatory Compliance

The intimation was filed with both BSE Limited and the National Stock Exchange of India Limited in compliance with applicable SEBI listing regulations. The disclosure was accompanied by Annexure A, containing the requisite details as mandated under the relevant provisions of the SEBI Listing Regulations, 2015. Megastar Foods Limited is headquartered at Plot No. 807, Industrial Area, Phase-II, Chandigarh-160102, with its works located at Kurali-Ropar Road, Village Solkhian-140108, Distt. Rupnagar, Punjab.