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Bajaj Electricals Ltd. — Regulatory Filings 2021
May 19, 2021
60535_rns_2021-05-19_2af390f3-03e3-40c4-888b-ace7fe835165.pdf
Regulatory Filings
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May 19, 2021
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To, BSE Limited
: Code No. 500031
Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001
National Stock Exchange of India Limited
Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
: BAJELEC - Series: EQ BAJ21-Series B NCDs INE193E08020 BAJ22 -Series C NCDs INE193E08012
Dear Sir/Madam,
Sub.: Annual Secretarial Compliance Report for the Financial Year ended March 31, 2021
In compliance with SEBI Circular No. CIR/CFD/CMD1//27/2019 dated February 8, 2019 (“SEBI Circular”) , we enclosed herewith the Annual Secretarial Compliance Report of Bajaj Electricals Limited for the financial year ended March 31, 2021.
We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Circular.
Thanking you,
Yours Faithfully, For Bajaj Electricals Limited AJAY SURESH Digitally signed by AJAY SURESH NAGLE NAGLE Date: 2021.05.19 19:03:18 +05'30' Ajay Nagle EVP & Head – Legal and Company Secretary
Encl.: As above.
Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022-61497000 Email ID: [email protected] Website: www.bajajelectricals.com Corporate Identity Number (CIN): L31500MH1938PLC009887
�� B.COM. LLB. F.C.S.
B & Co. ANANT KHAMANKAR COMPANY SECRETARIES HANDHOLDING ENTREPRENEURS. WORLDWIDE.
8-510, Neelkanth Business Park, Nathani Road, Vidyavihar (West), Mumbai - 400 086. © +91-22-2510 4666, 2510 4777, 2510 0888 � +91-98200 44752
� [email protected] I [email protected] website : www.cskhamankar.com
ANNUAL SECRETARIAL COMPLIANCE REPORT OF BAJAJ ELECTRICALS LIMITED FOR THE FINANCIAL YEAR ENDED MARCH 31, 2021
We have examined:
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(a) All the documents and records made available to us and explanation provided by Bajaj Electricals Limited ("the Listed Entity").
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(b) The fillings/ submissions made by the Listed Entity with BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", and together with BSE, "Stock Exchanges"),
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(c) Website of the Listed Entity,
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(d) any other document/ filing, as may be relevant, which has been relied upon to make this certification, for the financial year ended March 31, 2021 ("Review Period") in respect of compliance with the provisions of:
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i. The Securities and Exchange Board of India Act, 1992 ("SEBI Act") and the Regulations, Circulars, Guidelines issued there under; and
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ii. The Securities Contracts (Regulation) Act, 1956 ("SCRA"), Rules made there under and the Regulations, Circulars, Guidelines issued there under by the Securities and Exchange Board of India ("SEBI");
The specific Regulations, whose provisions and the circulars/ guidelines issued there under, have been examined, include: -
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(a) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations");
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(b) Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018;
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SECRETARIAL COMPLIANCE REPORT - BAJAJ ELECTRICALS LIMITED-2021
ANANr B KiiAMANKAR & Co. COMPANY SECRETARIES
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(c) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
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(d) Securities Exchange Board of India (Buyback of Securities) Regulations, 2018; (not applicable to the Listed Entity for the period under review)
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(e) Securities Exchange Board of India (Share Based Employee Benefits) Regulations, 2014;
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(f) Securities Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
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(g) Securities Exchange Board of India (Issue and Listing of Non-Convertible and Redeemable Preference shares) Regulations, 2013; (not applicable to the Listed Entity for the period under review)
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(h) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
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(i) Securities and Exchange Board of India (Depositories and Participants) Regulations 2018;
and circulars/guidelines issued thereunder.
Based on the above examination, we hereby report that, during the review period:
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(a) The Listed Entity has complied with the provisions of the above Regulations and Circulars/ Guidelines issued thereunder.
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(b) The Listed Entity has maintained proper records under the provisions of the above Regulations and Circulars/ Guidelines issued there under in so far as it appears from our examination of those records.
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(c) The following are the details of action taken against the Listed Entity/ its promoters/ directors/ material subsidiaries either by SEBI or by Stock Exchanges (including under the Standard Operating Procedures issued by SEBI through various circulars) under the aforesaid Acts/ Regulations and Circulars/ Guidelines issued there under:
| Sr. No. |
Action taken by |
Details of violation |
Details of action taken E.g. fines, warning letter, debarment, etc. |
Observations/ remarks of the Practicing Company Secretary, if any |
|---|---|---|---|---|
| NIL | ||||
- (d) The Listed Entity has taken the following actions to comply with the observations made in the previous reports:
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SECRETARIAL COMPLIANCE REPORT - BAJAJ ELECTRICALS LIMITED-2021
ANANr B KiiAMANKAR & Co. COMPANY SECRETARIES
| Sr. No. |
Observations of the Practicing Company Secretary in previous report |
Observations made in the secretarial compliance report for the year ended 31.03.2020 |
Actions taken by the Listed Entity if any |
Comments of the Practicing Company Secretary on the actions taken by the Listed Entity |
|---|---|---|---|---|
| 1. | NSE vide letter no. NSE/LIST-SOP/REG- 44/NOV/FINES/94135 dated November 6, 2019 and BSE vide letter no. LIST /COM P/500031/REG.44-MAR- 2019/218/2018-19 dated November 6, 2019 had imposed a fine of Rs. 10000/- (Rupees Ten Thousand Only) to be paid to each Stock Exchanges where the securities of the Company are listed due to delay of One (1) day in submission of voting results in terms of Regulation 44(3) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
The Board of Directors of the Listed Entity have taken note of the non-compliance and paid the fine imposed by the respective stock exchange(s) along with necessary clarification. The Board has also directed the management to take necessary steps at its end to avoid recurrence of such delay in future. |
The Listed Entity has paid the requisite fine as imposed by NSE and BSE and have also furnished us with the acknowledgement of respective payments. The management has also ensured to take required measures as to avoid subsequent non- compliance. |
FOR ANANT B KHAMANKAR & CO.
ANANT KHAMANKAR FCS No. -3198 CP No. -1860
UDIN: F003198C000342669
DATE: MAY 19, 2021 PLACE: MUMBAI
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SECRETARIAL COMPLIANCE REPORT - BAJAJ ELECTRICALS LIMITED-2021