Non-Applicability of Annual Secretarial Compliance Report Pursuant to Regulation 24(A) of SEBI (LODR) Regulations, 2015 and amendments, thereof for the year ended March 31, 2025
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Ambitious Plastomac Company Ltd has informed BSE that it is not required to submit the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations for the financial year ended March 31, 2025. The company has claimed exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, as it had already submitted a declaration to the stock exchange on April 8, 2025, confirming that corporate governance provisions do not apply to it. This exemption is typically available to smaller companies that do not meet the specified thresholds for paid-up capital or net worth. The letter is signed by Hina D. Patel, Company Secretary and Compliance Officer, dated April 28, 2025.
This is a routine regulatory clarification with no material impact on shareholders or the stock price. It confirms that the company falls under the exemption category for certain corporate governance reporting requirements, reflecting its small-cap status.