Automobile Corporation of Goa Limited has formally addressed a compliance delay regarding the submission of related party transactions disclosure for the half year ended September 30, 2025. The company's Board of Directors convened on January 19, 2026, to review the matter following correspondence from BSE Limited dated December 16, 2025.

Board Response to Compliance Delay

The Board of Directors acknowledged the inadvertent delay of one day in submitting the disclosure of Related Party Transactions under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory requirement mandates timely disclosure of related party transactions to ensure transparency and compliance with listing obligations.

Financial Penalty and Remedial Actions

The company has taken immediate corrective measures to address the compliance lapse:

Strengthening Internal Controls

Recognizing the importance of regulatory compliance, the Board has advised the management to strengthen internal controls to avoid recurrence of such instances in the future. This proactive approach demonstrates the company's commitment to maintaining high standards of corporate governance and regulatory adherence.

Regulatory Context

The disclosure pertains to Regulation 23(9) of SEBI LODR Regulations, which requires listed companies to submit related party transactions disclosures within specified timelines. The company's prompt acknowledgment and corrective action reflect its dedication to transparency and compliance with regulatory frameworks.

The communication was signed by Company Secretary Mitesh Gadhiya and submitted to BSE Limited on January 21, 2026, ensuring all stakeholders are informed of the company's response to the compliance matter.