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Awaiting price reaction for this filing.
The company has informed BSE that the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations is not applicable to it. This is because the company has already claimed exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which typically applies to smaller companies with paid-up capital up to ₹10 crore and net worth up to ₹25 crore. The company had previously submitted a Non-Applicability Certificate for the Corporate Governance Report on the same basis, which also covers this exemption. Security code: 543377, ISIN: INE0CWK01019. The letter is signed by Director Pawan Kumar Mittal (DIN: 00749265) dated May 12, 2025.
This is a routine procedural compliance filing with no material impact on shareholders or the stock price. The exemption indicates the company is small-cap in size, and the name change from 'Adishakti Loha and Ispat' to 'Afloat Enterprises' is notable and may signal a shift in business focus or branding.