Birla Cotsyn (India) Ltd

📢 Birla Cotsyn (India) Ltd: Key Compliance & Liquidation Updates

- Birla Cotsyn (India) Ltd submitted its Annual Secretarial Compliance Report for FY ending March 31, 2025.

- The company entered Corporate Insolvency Resolution Process (CIRP) and later liquidation under IBC, 2016, suspending the board.

- Non-compliance issues included Secretarial Standards, SEBI policies, lack of functional website, and incomplete board evaluations.

- All directors and key managerial personnel (KMP) were disqualified due to liquidation.

- Fines imposed by BSE Ltd: ₹1.9L (investor complaints), ₹9.18L (annual compliance), ₹6.3L (shareholding pattern delays).

- NCLT approved a composite Scheme of Compromise and Arrangement on January 9, 2025.

- Report clarifies it is not an audit or assessment of financial viability.