NON APPLICABLITY OF ANNUAL SECRETARIAL COMPLIANCE
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Awaiting price reaction for this filing.
Ajwa Fun World & Resort Ltd has informed BSE that it is not required to submit the Annual Secretarial Compliance Report for the financial year ended 31 March 2025. Under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations 2015, companies whose paid-up equity share capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore are exempt from this filing requirement. The company reports a paid-up equity share capital of Rs. 6.39 crore and a negative net worth of approximately Rs. 2.30 crore (i.e., Rs. 23,004,209.97 in the negative), meaning both criteria for exemption are satisfied. The company has committed to complying with the regulation within six months if its size later crosses the threshold. The letter is signed by Managing Director Rajeshkumar Chunilal Jain.
This is a procedural, non-event filing with no direct impact on the stock price. However, the negative net worth of Rs. 2.30 crore is a noteworthy financial weakness, indicating that the company's accumulated losses have wiped out shareholder equity — investors should keep this in mind.