Non Applicability Certificate of Corporate Governance provisions under regulation 15(2) of SEBI (LODR), Regulations 2015.
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Ceeta Industries Ltd has informed BSE that SEBI's Corporate Governance provisions under the LODR Regulations do not apply to the company. This exemption is because the company's paid-up equity share capital is ₹1.45 crore and its net worth is ₹12.43 crore as of March 31, 2025 — both below the thresholds of ₹10 crore and ₹25 crore, respectively. The exemption has been valid for the last three financial years (FY23, FY24, FY25), with net worth figures of ₹11.24 crore, ₹9.67 crore, and ₹12.43 crore respectively. Statutory auditor G.K. Tulsyan & Co has certified this non-applicability, and the company has committed to complying within six months if it crosses these thresholds in the future.
This is a routine compliance filing indicating the company is small enough to be exempt from certain corporate governance requirements. It has no direct impact on shareholders or stock price but signals that Ceeta Industries is a small-cap company well below SEBI's governance thresholds.