Non-Applicability of Reg 24 (A) for Quarter ended 31/03/2025
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Awaiting price reaction for this filing.
Ardi Investment and Trading Co Ltd has informed the BSE that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements does not apply to it for the financial year ended 31 March 2025. This regulation normally requires listed companies to file a Secretarial Compliance Report within 60 days of the financial year-end. The exemption applies because the company's paid-up equity share capital is only Rs. 40 lakh (well below the Rs. 10 crore threshold) and its net worth is below Rs. 25 crore as on the last day of the previous financial year. Under SEBI's Regulation 15(2), companies meeting these small-size criteria are exempt from this requirement. The company has accordingly confirmed it is not required to submit the Secretarial Compliance Report for FY25. The filing is signed by Director Kunj Bihari Soni (DIN: 10394068).
This is a routine compliance clarification and has no material impact on shareholders or the stock price. It simply confirms the company is too small (by paid-up capital and net worth) to fall under this particular SEBI reporting rule, which is common for very small-cap listed entities.