Shalimar Wires Industries reports FY26 compliance gaps

MR & Associates, a firm of Practicing Company Secretaries, has issued the Secretarial Compliance Report for Shalimar Wires Industries Limited for the financial year ended March 31, 2026. The report confirms that the listed entity complied with the statutory provisions of the Securities and Exchange Board of India (SEBI) Act, 1992, and the Securities Contracts (Regulation) Act, 1956, subject to specific observations and deviations detailed in the annexures. The review covered the period from April 1, 2025, to March 31, 2026.

The auditors noted that the company partially complied with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries of India (ICSI). Additionally, the company is in the process of updating its policies and functional website to align with recent amendments and regulatory changes issued by SEBI. The report confirmed that no director was disqualified under Section 164 of the Companies Act, 2013, and that the company does not have any subsidiary as of March 31, 2026.

Compliance Observations

The report highlighted several deviations from SEBI regulations during the review period. A key observation was the failure to submit disclosures regarding the closure of the trading window in XBRL format within 24 hours of the PDF submission to the exchange, as required by a BSE circular dated December 8, 2023. The company has committed to ensuring timely submission of XBRL filings in the future.

Another deviation involved a technical glitch in implementing the trading restriction period. While the intimation for the closure of the trading window for the quarter ended March 31, 2025, was submitted to BSE Limited on March 28, 2025, it was not effected on the depositories portal until after April 1, 2025, due to technical issues. The management stated that the intimation was timely and the delay was technical in nature.

Disclosure and Advertisement Gaps

The report pointed out that the company did not publicize the opening of the Special Window for Transfer and Dematerialisation of Physical Securities once every two months during the one-year period, as mandated by a SEBI circular dated January 30, 2026. The publication is currently under process.

Furthermore, advertisements for the financial results for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025, were published without the prescribed Quick Response (QR) code, violating Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is implementing measures to ensure the inclusion of QR codes in future advertisements.

Insider Trading and Director Registration

Regarding the Prohibition of Insider Trading Regulations, 2015, the report noted a procedural delay in updating the names of certain immediate relatives in the list of Designated Persons maintained for trading restrictions. The management clarified that no trading was conducted by these relatives during the closure of the trading window.

The registration of Independent Directors with the Databank maintained by the Indian Institute of Corporate Affairs (IICA) was still under process during the audit period. This item was also cited as a continuing default from previous reports. The company has assured that it will take necessary steps to complete the registration.

Compliance Area	Status	Remarks
Secretarial Standards	Partial Compliance	Partially complied with ICSI standards.
Policy Updates	In Process	Updating policies in line with recent amendments.
XBRL Filings	Deviation	Filings not submitted within 24 hours of PDF submission.
Trading Window Closure	Deviation	Technical glitch delayed effect on depositories portal.
Newspaper Advertisements	Deviation	QR code missed in quarterly result ads.
Independent Directors	Pending	Registration with IICA Databank under process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.08%	-2.51%	-6.18%	-9.35%	-21.88%	+145.57%

Shalimar wires industries Limited has submitted its quarterly dematerialization confirmation certificate to the Bombay Stock Exchange Limited, fulfilling regulatory compliance requirements under SEBI guidelines. The submission, dated April 13, 2026, covers the fourth quarter of fiscal year 2026.

Regulatory Compliance Details

The certificate submission addresses the requirements under section 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The documentation covers the period from January 1, 2026 to March 31, 2026, representing the Q4FY26 reporting period.

Parameter:	Details
Reporting Period:	January 1, 2026 to March 31, 2026
Submission Date:	April 13, 2026
Reference Code:	SW:SEC:003
BSE Company Code:	532455
ISIN:	INE655D01025

Certificate Confirmation Process

Maheshwari Datamatics Pvt. Ltd., serving as the company's Registrar and Transfer Agent, provided the dematerialization confirmation certificate. The RTA confirmed having sent the Demat Transfer Register for the specified period to the depository and all stock exchanges where the company's shares are listed.

The certificate also confirms that all securities received from concerned Depository Participants after dematerialization were properly destroyed, mutilated, or cancelled within the stipulated timeframe, ensuring compliance with regulatory requirements.

Corporate Communication

Company Secretary S.K. Kejriwal signed the submission letter on behalf of Shalimar Wires Industries Limited. The communication was addressed to the Department of Corporate Services at BSE, maintaining the company's commitment to timely regulatory filings and transparency in corporate governance.

The submission represents routine compliance activity, demonstrating the company's adherence to SEBI regulations governing depositories and participant operations in the Indian securities market.