National General Industries submits FY26 secretarial compliance report
National General Industries Ltd submitted its Annual Secretarial Compliance Report for FY26, confirming full adherence to SEBI regulations. The report notes the forfeiture of ₹52.38 lakh in partly paid share amounts due to non-payment and confirms compliance regarding related party transactions and insider trading norms.
*this image is generated using AI for illustrative purposes only.
National General Industries Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by M/s. Deepak Bansal & Associates, confirms the company's compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Compliance Status
The practicing company secretary examined the entity's documents, records, and filings for the review period. The report confirms that the listed entity has complied with the provisions of the specified regulations and circulars. No deviations or violations were reported during the audit period.
Key Observations
The report highlights several specific compliance areas and actions taken by the company during the year:
| Particulars | Compliance Status | Observations/Remarks |
|---|---|---|
| Secretarial Standards | Yes | Compliances are in accordance with ICSI standards. |
| Adoption of Policies | Yes | All applicable policies adopted and updated timely. |
| Maintenance of Website | Yes | Functional website maintained with timely dissemination. |
| Disqualification of Directors | Yes | No directors disqualified under Section 164 of Companies Act, 2013. |
| Related Party Transactions | Yes | Prior approval of Audit Committee obtained. |
| Insider Trading | Yes | Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 confirmed. |
Share Forfeiture Details
The Board of Directors, at their meeting held on November 14, 2025, approved the forfeiture of amounts received against partly paid shares. This decision was made due to the non-payment of the remaining call money.
| Description | Amount Forfeited |
|---|---|
| Partly paid amount towards face value of equity shares | ₹26,19,000 |
| Partly paid amount towards share premium | ₹26,19,000 |
| Total | ₹52,38,000 |
The forfeiture was approved in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2025. BSE Limited, CDSL, and NSDL also accorded their respective approvals for the same.
Additional Disclosures
The report notes that there were inter-se transfers amongst promoter shareholders during the year based on gifts to immediate relatives. These transfers were conducted in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and the SEBI (Prohibition of Insider Trading) Regulations, 2015. No statutory auditors resigned during the financial year, and no actions were taken by SEBI or stock exchanges against the entity or its promoters.
Historical Stock Returns for National General Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.64% | +9.57% | -7.89% | +41.57% | +13.86% | +117.62% |
How might the forfeiture of ₹52.38 lakh from partly paid shares impact National General Industries' capital structure and future fundraising plans?
Could the inter-se promoter share transfers via gifts signal a broader shift in promoter shareholding strategy or succession planning within the company?
What steps is National General Industries likely to take to re-issue or cancel the forfeited shares, and how could this affect existing shareholders' equity?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
