NewsShubham Polyspin Limited Receives Clean Secretarial Compliance Report for Year Ended 31st March, 2026Shubham Polyspin Limited Receives Clean Secretarial Compliance Report for Year Ended 31st March, 2026
Shubham Polyspin Limited received a clean secretarial compliance report for the year ended 31st March, 2026, issued by Manoj Hurkat & Associates on 14th May, 2026. The report recorded NIL deviations or violations across all applicable SEBI regulations, including LODR, Insider Trading, and Takeover Regulations. The company demonstrated full compliance across all thirteen governance parameters assessed, including board performance evaluation, related party transaction approvals, website disclosures, and insider trading prohibitions. No actions were taken against the company, its promoters, or directors by SEBI or any stock exchange during the review period.
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Shubham Polyspin Limited has received a clean secretarial compliance report for the year ended 31st March, 2026, with no deviations or violations observed under applicable SEBI regulations. The report was issued by Manoj Hurkat & Associates, Practicing Company Secretaries (FRN: P2011GJ025800), and is dated 14th May, 2026, from Ahmedabad. The review was conducted in terms of Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Scope of Examination
The secretarial compliance review covered all documents, records, filings, and submissions made by Shubham Polyspin Limited to the stock exchanges, as well as the company's website and other relevant documents during the review period. The examination encompassed compliance with the following SEBI regulations:
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018
- Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021
- Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015
No Deviations or Violations Recorded
The practicing company secretaries confirmed that Shubham Polyspin Limited complied with all applicable SEBI regulations and circulars during the review period, with NIL deviations or violations reported. Similarly, no pending observations from previous secretarial compliance reports were carried forward, as the table of prior observations also recorded NIL entries.
Key Governance Compliance Parameters
The report assessed compliance across thirteen specific governance parameters. The following table summarises the compliance status as reported:
| Parameter: | Compliance Status |
|---|---|
| Secretarial Standards (ICSI) | Yes |
| Adoption and timely updation of applicable policies | Yes |
| Maintenance and disclosure on functional website | Yes |
| Disqualification of Directors under Section 164, Companies Act, 2013 | Yes |
| Details related to subsidiaries | NA — No subsidiary exists |
| Preservation of documents as per SEBI LODR Regulations, 2015 | Yes |
| Performance evaluation of Board, Independent Directors, and Committees | Yes |
| Prior Audit Committee approval for Related Party Transactions | Yes |
| Disclosure of events or information under Regulation 30 and Schedule III | Yes |
| Compliance with SEBI (PIT) Regulations, 2015 — Regulation 3(5) & 3(6) | Yes |
| Actions taken by SEBI or Stock Exchanges | Yes — No actions taken |
| Resignation of Statutory Auditors | NA |
| Additional non-compliances under SEBI Regulations/Circulars/Guidelines | NA — No observations |
Notably, the company confirmed that none of its directors are disqualified under Section 164 of the Companies Act, 2013. The company does not have any subsidiary, rendering subsidiary-related disclosures not applicable.
Scope Limitations and Assumptions
The report was prepared with certain defined limitations. The practicing company secretaries clarified that the compliance of applicable laws and the authenticity of documents furnished remain the responsibility of the management of Shubham Polyspin Limited. The report is based solely on an examination of relevant documents and information and does not constitute an audit or an expression of opinion. Financial records and books of account were not verified as part of this review. The report is intended solely for compliance purposes under Regulation 24A(2) of the SEBI (LODR) Regulations, 2015 and does not represent an assurance on the future viability of the company or the effectiveness of its management.
The report was signed by Manoj R Hurkat, Partner, Manoj Hurkat & Associates, bearing FCS No. 4287, C P No.: 2574, and UDIN: F004287H000342977, from Ahmedabad, dated 14th May, 2026.
Historical Stock Returns for Shubham Polyspin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.44% | -3.12% | -4.78% | -7.61% | +187.85% | -9.54% |
How might Shubham Polyspin's consistent regulatory compliance record influence its ability to raise capital or attract institutional investors in the near term?
Given that the company currently has no subsidiaries, are there any strategic expansion plans that could introduce subsidiary-related compliance complexities in future reporting periods?
How does Shubham Polyspin's clean compliance track record compare to peers in the polyspin/textile sector, and could this differentiate its valuation in the market?
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