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 | 01-04-2024 |
| Date of end of financial year | 31-03-2025 |
| Date of Reporting to Exchange | 29-05-2025 |
| 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). | Yes |
| Is there any observation made in the previous report | Yes |
| 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 | A028554G000380378 |
| CP No. | 10265 |
| Place of PCS | Surat |
| PCS Report Date | 19-05-2025 |
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 and Sweat Equity) Regulations, 2021 | No | No |
| 6 | Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 | No | No |
| 7 | 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 | Regulation 15(2) of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
| Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 15(2) | Applicability of Corporate Governance Provisions. | Stock Exchange | | Clarification | | Clarification sought regarding
Applicability of Corporate Governance Provisions
| | Company Replied with certificate regarding Non-applicability of Corporate Governance Provisions Vide Letter dated 24.07.2024. | No further clarification asked by NSE till the current date regarding this matter. | |
Previous Report |
| Sr No | Compliance requirement (regulations/circulars/ guidelines including specific clauses) | Regulation Name/ SEBI Circular number* | Regulation Number/ circular dated | Deviations | Actions 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 of the practicing Company secretary in the previous reports | Observations made in the secretarial compliance report for the year ended.(the years are to be mentioned) | Comments of the practicing company secretary on the actions taken by the listed entity. | Remedial actions, if any, taken by the listed entity | Management Response | Remarks |
| 1 | Trading activities of certain entities in the scrip of Mask Investments Limited | Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 | Not Applicable | Trading activities of certain entities in the scrip of Mask Investments Limited. | SEBI | | Clarification | | Clarification sought regarding Trading activities of certain entities in the scrip of Mask Investments Limited during the period of July 08,2022 to January 11, 2023 (Investigation Period or IP) | | Company Replied Vide Letter dated 21.07.2023. | 31.03.2024 | Company Replied Vide Letter dated 21.07.2023. | The Company Vide its Mail submitted all the facts and circumstances regarding the said query | No further clarification asked by SEBI till the current date regarding this matter. | |
| 2 | Corporate Governance Report Regulation 27(2). | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 27(2) | Provisions pertaining to Board Composition (Regulation 17) & 2-Audit Committee Meetings (Regulation 18). | Stock Exchange | | Clarification | | Clarification sought regarding Provisions pertaining to 1-Board Composition (Regulation 17) & 2-Audit Committee Meetings (Regulation 18). | | Company Replied Vide Letter dated: 28.07.2023. | 31.03.2024 | Company Replied Vide Letter dated: 28.07.2023. | The Company vide its mail clarified that Company its exempted from the provision of Regulation 17 of SEBI (LODR), 2015 and furthermore, regarding the composition of Audit Committee the company has took the immediate step and filled the said position in the
Board Meeting held May 27, 2023 | No further clarification asked by NSE till the current date regarding this matter. | |
| 3 | Clarification with respect to Non-appointmentof a qualified Company Secretary | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 6 | Non-appointment of a qualified Company Secretary | Stock Exchange | | Clarification | | Clarification sought regarding Non-appointment of a qualified Company Secretary as the compliance officer till March 27, 2023 | | Company Replied Vide Letter dated 19.05.2023. | 31.03.2024 | Company Replied Vide Letter dated 19.05.2023. | The Company vide its mail clarified delay in appointment of Company Secretary as Compliance Officer is not the intentional default
and reasons and circumstances were beyond our control, means and resources. | No further clarification asked by NSE till the current date regarding this matter. | |
| 4 | Clarification with respect to Non-Compliance of SEBI(LODR) Regulation 6(1) 2015 and/or Regulation76 of SEBI (D & P) Regulations 2018. | Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 | 6 (1) SEBI (LODR) & 76 SEBI (Depositories and participants) Regulations 2018 | Non-Compliance of SEBI (LODR) Regulation6(1) 2015 and/or Regulation 76 of SEBI (D & P) Regulations 2018. | Stock Exchange | | Fine | | NSE has imposed penalty of Rs. 30680/- for Non-appointment of a qualified Company Secretary as the compliance officer for the Quarter ended on 31st March, 2023 (Regulation 6(1). & Clarification sought regarding Non submission of Reconciliation of Share Capital Audit Report for the Quarter ended on 31st March, 2023 (Regulation 76). | 30680 | Company has paid fine of Rs. 30680/- on 01.06.2023. | 31.03.2024 | Company has paid Fine of Rs. 30680/- on 01.06.2023. | Company has paid Fine of Rs. 30680/- on 01.06.2023. | No further clarification asked by NSE till the current date regarding this matter. | |
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 | 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 | NA | The Company does not have any material subsidiary. |
| 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 | 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 along with Schedule III of SEBI LODR Regulations 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 (or)
The actions taken against the listed entity/ its promoters/ directors/ subsidiaries either by SEBI or by Stock Exchanges are specified in the last column | No | As per the details mentioned in the Curent Report tab of the XBRL. |
| 12 | Resignation of statutory auditors from the listed entity or its material subsidiaries:
In case of resignation of statutory auditor from the listed entity or any of its material subsidiaries during the financial year, the listed entity and / or its material subsidiary(is) has / have complied with paragraph 6.1 and 6.2 of section V-D of chapter V of the Master Circular on compliance with the provisions of the LODR Regulations by listed entities | NA | There was no resignation of the Statutory auditor during the Financial Year ended March 31, 2025. |