General information about company |
| Scrip Code* | 000000 |
| NSE Symbol* | MASKINVEST |
| MSEI Symbol | NOTLISTED |
| ISIN | INE885F01015 |
| Name of the listed entity | MASK INVESTMENTS LIMITED |
| Date of start of financial year | 01-04-2022 |
| Date of end of financial year | 31-03-2023 |
| Date of Reporting to Exchange | 30-05-2023 |
| Whether any observations reported by the Secretarial Auditor | Yes |
| The listed entity has maintained proper records under the provisions of the above Regulations and circulars/ guidelines issued thereunder insofar as it appears from my/our examination of those records. | Yes |
| In previous, Any actions taken against the listed entity/its promoters/directors/its material subsidiaries either by SEBI or by stock exchanges (including under the Standard operating procedures issued by SEBI through various circulars). | No |
| Is there any observation made in the previous report | No |
| Name of the Certifying Firm | DHIRREN R. DAVE & CO. |
| Name of the practicing Company Secretary issuing the report | PINAL KANDARP SHUKLA |
| Membership Type | ACS |
| ACS/FCS No. | 28554 |
| UDIN | A028554E000426732 |
| CP No. | 10265 |
| Place of PCS | SURAT |
| PCS Report Date | 30-05-2023 |
Regulations |
| Sr No | Regulation | Applicability during the period under review (Yes/No) | Any Observation (Yes/No) |
| 1 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Yes | Yes |
| 2 | Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 | No | No |
| 3 | Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 | Yes | No |
| 4 | Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 | No | No |
| 5 | Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 | No | No |
| 6 | Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 | No | No |
| 7 | Securities and Exchange Board of India(Issue and Listing of Non-Convertible and Redeemable Preference Shares) Regulations,2013 | No | No |
| 8 | Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 | Yes | No |
Current Report |
| Sr No | Compliance requirement (regulations/circulars/ guidelines including specific clauses) | Regulation Name/ SEBI Circular number | Regulation Number/ circular dated | Deviations | Action taken by | Name of Other Regulatory Body | Type of Action (Advisory/Clarification/Fine/Show Cause Notice/ Warning, etc.) | Details of other action taken | Details of violation | Fine Amount | Observations/remarks of the practising Company Secretary, if any | Management Response | Remarks |
| 1 | Financial Result | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulation-33 Financial result | Financial Result is not as per SEBI format | Stock Exchange | | Clarification | | Clarification sought via letter by NSE dated
15.06.2022 | | Clarification sought via letter by NSE dated: 15.06.2022 regarding Financial Result submitted is not as per Format and Legible copy of Financial Results not submitted | Company Replied Vide Letter dated 20.06.2022 and also resubmitted Financial Result as per SEBI format. | |
| 2 | Appointment of Additional Director Mr. Jayesh Rasiklal Gandhi | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulation-30 Disclosure of events or information | Appointment of Additional Director Mr. Jayesh Rasiklal Gandhi | Stock Exchange | | Clarification | | Clarification sought via email by NSE dated 05.08.2022 | | Clarification sought via email by NSE dated 05.08.2022 regarding detailed reasons for resignation letter, other directorships etc. | Company Replied Vide Letter dated 17.08.2022 | |
| 3 | Appointment of Additional Director Mrs. Ayushi Manish Saboo | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulation-30 Disclosure of events or information | Appointment of Additional Director Mrs. Ayushi Manish Saboo | Stock Exchange | | Clarification | | Clarification sought via email by NSE dated 05.08.2022 | | Clarification sought via email by NSE Dated: 05.08.2022 regarding Disclosure of Relationship between Director and Affirmation of not Debarred from holding office of Director. | Company Replied Vide Letter dated 17.08.2022. | |
| 4 | Composition of Board Regulations 17(1) LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulations 17(1) Board of Directors and SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/12 dated January 22,2020 | Non-Compliance of Regulations 17(1) of SEBI (LODR) 2015 | Stock Exchange | | Fine | | Non-Compliance of Regulations 17(1) of SEBI (LODR) 2015 for Quarter ended 31.12.2022 | 342200 | Clarification sought via email by NSE dated: 23.01.2023 and 27.02.2023
Show cause notice with Fine of Rs. 3,42,200/- imposed by NSE vide notice dated: 21.02.2023 regarding Composition of Board of Directors of the Company. | Company Replied Vide email dated 16.02.2023, 28.02.2023 and 01.03.2023. | |
| 5 | Regulations 31(1) (b) of LODR 2015 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Regulations 31(1) (b) Holding of specified securities and shareholding pattern | Difference in SDD (System Driven Disclosures and SHP (Shareholding pattern | Stock Exchange | | Clarification | | Difference in SDD (System Driven Disclosures and SHP (Shareholding Pattern) for the quarter ended December 31, 2022. | | Clarification sought by NSE vide email dated: 13.03.2023 regarding mismatch in System Driven Disclosure and Shareholding patter as on December, 2022 filed by the Company. | Company has replied vide letter dated 18.03.2023 | |
| 6 | Compliance with respect to the announcement dated 27.03.2023 | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | Clarification | Clarification | Stock Exchange | | Clarification | | clarification sought by NSE vide E-mail dated 27.03.2023 | | clarification sought by NSE vide E-mail dated 27.03.2023 regarding date of event of cessation of Mr. Narayan Saboo from the post of Compliance officer | Company has replied vide letter dated 30.03.2023 | |
Affirmation |
| Sr No | Regulation | Compliance status (Yes/No/NA) | Observations /Remarks by PCS* |
| 1 | Secretarial Standards:
The compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries India (ICSI) | Yes | |
| 2 | Adoption and timely updation of the Policies |
| (a) | All applicable policies under SEBI Regulations are adopted
with the approval of board of directors of the listed entities | Yes | |
| (b) | All the policies are in conformity with SEBI Regulations and
has been reviewed & timely updated as per the
regulations/circulars/guidelines issued by SEBI | Yes | |
| 3 | Maintenance and disclosures on Website |
| (a) | The Listed entity is maintaining a functional website | Yes | |
| (b) | Timely dissemination of the documents/ information under
a separate section on the website | Yes | |
| (c) | Web-links provided in annual corporate governance reports
under Regulation 27(2) are accurate and specific which re-directs to the relevant document(s)/ section of the website | Yes | |
| 4 | Disqualification of Director:
None of the Director of the Company are disqualified under
Section 164 of Companies Act, 2013 | Yes | |
| 5 | To examine details related to Subsidiaries of listed entities:
(a) Identification of material subsidiary companies
(b) Requirements with respect to disclosure of material as well
as other subsidiaries | Yes | |
| 6 | Preservation of Documents:
The listed entity is preserving and maintaining records as
prescribed under SEBI Regulations and disposal of records as
per Policy of Preservation of Documents and Archival policy
prescribed under SEBI LODR Regulations, 2015 | Yes | |
| 7 | Performance Evaluation:
The listed entity has conducted performance evaluation of the
Board, Independent Directors and the Committees at the start
of every financial year as prescribed in SEBI Regulations | Yes | |
| 8 | Related Party Transactions |
| (a) | The listed entity has obtained prior approval of Audit
Committee for all Related party transactions | Yes | |
| (b) | In case no prior approval obtained, the listed entity shall
provide detailed reasons along with confirmation whether
the transactions were subsequently
approved/ratified/rejected by the Audit committee | Yes | |
| 9 | Disclosure of events or information:
The listed entity has provided all the required disclosure(s)
under Regulation 30 alongwith Schedule III of SEBI LODR
Regulations, 2015 within the time limits prescribed
thereunder. | Yes | |
| 10 | Prohibition of Insider Trading:
The listed entity is in compliance with Regulation 3(5) & 3(6)
SEBI (Prohibition of Insider Trading) Regulations, 2015 | Yes | |
| 11 | Actions taken by SEBI or Stock Exchange(s), if any:
No Actions taken against the listed entity/ its promoters/
directors/ subsidiaries either by SEBI or by Stock Exchanges
(including under the Standard Operating Procedures issued by
SEBI through various circulars) under SEBI Regulations and
circulars/ guidelines issued thereunder | No | As per the details mentioned in the Curent Report tab of the XBRL. |