Polo Queen Industrial and Fintech Ltd: Penalty Waived for Delayed Annual Report Submission

Polo Queen Industrial and Fintech Ltd has received a waiver from Metropolitan Stock Exchange of India Limited (MSEI) for the penalty imposed due to the delay in submission of the Annual Report for the FY. 2024-2025. The company had provided a link to the Annual Report on its website along with the intimation of the Annual General Meeting to the Exchange. However, as per the SEBI LODR Regulation, 2015, the company is required to submit the full Annual Report to the Exchange along with the notice of the annual general meeting. The Exchange has issued an Advisory Letter to the company, advising that going forward, submission of only a web link will not be accepted as compliance with Regulation 34. The company is required to upload the complete Annual Report on the Exchange portal within the prescribed timelines to avoid any further instances of non-compliance.