Non-applicability of Secretarial compliance report for the year ended March 31, 2025
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Checkpoint Trends Limited has informed the BSE that Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 does not apply to it. This is because the company's paid-up equity share capital is below Rs. 10 crore and its net worth is below Rs. 25 crore as on the last day of the previous financial year (March 31, 2025). As a result, the company is exempt from submitting the Annual Secretarial Compliance Report. The exemption is based on BSE circulars dated May 9, 2019 and May 14, 2019. The communication is signed by Shubham Chaudhary, Managing Director and CFO.
This is a routine compliance clarification and has no material impact on the stock price. However, it confirms that the company is a small-cap entity, falling below SEBI's thresholds for mandatory secretarial audit.