Non-Applicability of Reg 24(A) for the Year Ended March 31,2025
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Awaiting price reaction for this filing.
Aditya Ispat Limited has informed the stock exchange that SEBI Regulation 24(A), which requires filing of an Annual Secretarial Compliance Report, does not apply to the company for FY 2024-25. The exemption is being claimed under Regulation 15(2) of SEBI LODR because the company's paid-up capital is Rs. 5.35 crore and net worth as on 31 March 2025 is Rs. 7.80 crore — both well below the Rs. 25 crore threshold. A Net Worth Certificate from the statutory auditors (Dagliya & Co.) is attached for confirmation. As a result, the company is also exempt from complying with several other corporate governance provisions (Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and related clauses). The filing is signed by Managing Director Aditya Chachan on 30 May 2025.
This is a routine regulatory disclosure and does not directly affect shareholders or the stock price. It simply confirms that, owing to the company's small size (paid-up capital and net worth below the SEBI threshold), it enjoys reduced corporate governance and compliance obligations. Investors should note, however, that the company's net worth has steadily declined over the past three years — from Rs. 10.77 crore in FY23 to Rs. 7.80 crore in FY25 — which could be a point of concern.